AlphaTime Acquisition Corp Announces Closing of $60 Million Initial Public Offering

Cayman Islands, Jan. 05, 2023 (GLOBE NEWSWIRE) -- AlphaTime Acquisition Corp (NASDAQ: ATMCU, the “Company”), a newly organized blank check company incorporated in the Cayman Islands, today announced that it closed its initial public offering of 6,000,000 units at a price of $10.00 per unit. The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “ATMCU” on December 30, 2022. Each unit consists of one ordinary share, one redeemable warrant entitling the holder to purchase one ordinary share at a price of $11.50 per share, and one right entitling the holder to receive one-tenth (1/10) of one ordinary share upon consummation of an initial business combination. After the securities comprising the units begin separate trading, the ordinary shares, warrants and rights are expected to be listed on Nasdaq under the symbols “ATMC,” “ATMCW” and “ATMCR,” respectively.

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