AlphaTime Acquisition Corp has regained compliance with Nasdaq rules and will transfer to the Nasdaq Capital Market on July 11, 2025.
Quiver AI Summary
AlphaTime Acquisition Corp, a special purpose acquisition company, announced it has regained compliance with Nasdaq Listing Rule 5450(a)(2) and will transfer its securities to the Nasdaq Capital Market, effective July 11, 2025. This follows a Compliance Notice from Nasdaq, which also stated that a scheduled hearing on July 15, 2025, has been canceled, ensuring the company’s securities will remain listed. AlphaTime intends to pursue business combinations primarily in Asia, although it is open to various industries and geographic areas. The release contains forward-looking statements regarding the company's future plans, which are subject to risks and uncertainties.
Potential Positives
- The company has regained compliance with Nasdaq Listing Rule 5450(a)(2), demonstrating improved financial stability and governance.
- AlphaTime's securities will continue to be listed and traded on The Nasdaq Capital Market, preserving investor confidence and market presence.
- The cancellation of the scheduled hearing before the Nasdaq Hearings Panel indicates a positive resolution to previous compliance concerns.
- The transfer of the company's securities listing to the Nasdaq Capital Market may enhance liquidity and attract a broader investor base.
Potential Negatives
- The company's previous non-compliance with Nasdaq Listing Rule 5450(a)(2) raises concerns about its financial health and operational stability.
- The necessity of transferring to the Nasdaq Capital Market indicates that the company may face challenges meeting the requirements for listing on the main Nasdaq market.
- The mention of forward-looking statements signals a risk of uncertain future performance, which may deter potential investors looking for stability.
FAQ
What is AlphaTime Acquisition Corp's recent compliance status with Nasdaq?
AlphaTime Acquisition Corp has regained compliance with Nasdaq Listing Rule 5450(a)(2) and will transfer its listing to the Nasdaq Capital Market.
When will AlphaTime's securities be listed on the Nasdaq Capital Market?
The transfer of AlphaTime's securities to the Nasdaq Capital Market will be effective at the opening of business on July 11, 2025.
What does AlphaTime Acquisition Corp do?
AlphaTime is a special purpose acquisition company that seeks to merge with or acquire businesses, particularly in Asia.
Why was the Nasdaq hearing cancelled for AlphaTime?
The Nasdaq Hearings Panel cancelled the scheduled hearing as AlphaTime has regained compliance with the relevant listing rule.
What risks are associated with AlphaTime's forward-looking statements?
Forward-looking statements may be subject to risks and uncertainties that could cause actual results to differ significantly from expectations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATMC Hedge Fund Activity
We have seen 5 institutional investors add shares of $ATMC stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GLAZER CAPITAL, LLC removed 569,191 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $6,608,307
- FIRST TRUST CAPITAL MANAGEMENT L.P. removed 426,530 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $4,952,013
- CENTIVA CAPITAL, LP removed 200,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,322,000
- RIVERNORTH CAPITAL MANAGEMENT, LLC removed 194,397 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,256,949
- BOOTHBAY FUND MANAGEMENT, LLC removed 188,093 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,183,759
- ATW SPAC MANAGEMENT LLC removed 188,093 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,183,759
- AQR ARBITRAGE LLC removed 155,186 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $1,801,709
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
New York, NY, July 09, 2025 (GLOBE NEWSWIRE) -- AlphaTime Acquisition Corp (Nasdaq: ATMC, ATMCU, ATMCR, ATMCW) (“AlphaTime” or the “Company”), a special purpose acquisition company, today announced it has received written notice (the "Compliance Notice") from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with Nasdaq Listing Rule 5450(a)(2). This confirmation follows Nasdaq’s approval of the Company’s application to transfer the listing of its securities to the Nasdaq Capital Market, effective at the opening of business on July 11, 2025.
Nasdaq also notified the Company in the Compliance Notice that the hearing before the Nasdaq Hearings Panel previously scheduled to take place on July 15, 2025, has been cancelled, and the Company's securities will continue to be listed and traded on The Nasdaq Capital Market.
About AlphaTime Acquisition Corp.
AlphaTime Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, the company intends to focus its search on businesses throughout Asia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, including but not limited to statements regarding future plans, expectations, or objectives of the Company. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties are discussed in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
For investor and media inquiries, please contact:
Gan Kim Hai
Chief Executive Officer
[email protected]
