AlphaTime Acquisition Corp. Closing of US$60M IPO

Winston & Strawn represented AlphaTime Acquisition Corp. (NASDAQ: ATMC), a newly organized blank check company incorporated in the Cayman Islands, in connection with the closing of its IPO of 6,000,000 units at a price of US$10.00 per unit. The units are listed on the NASDAQ and began trading under the ticker symbol “ATMC” 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 US$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. Chardan Capital Markets, LLC acted as sole book-running manager of the offering.