AlphaTime Acquisition Corp Announces Entering Into A Merger Agreement With HCYC Group Company Limited
AlphaTime Acquisition Corp Announces Entering Into A Merger Agreement With HCYC Group Company Limited
AlphaTime Acquisition Corp (NASDAQ:ATMC, ATMCU, ATMCR, and ATMCW))))) ("ATMC"), a special purpose acquisition company, announced the execution of an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which ATMC will undergo a business combination with HCYC Group Company Limited ("HCYC"), HCYC functions as a registered holding company in the Cayman Islands. In Hong Kong, HCYC conducts its insurance brokerage operations through its subsidiary, namely, HCYC Wealth Management (ASIA) Company Limited, a company formed under the laws of Hong Kong ("HCYC Asia").
AlphaTime 收购公司（纳斯达克股票代码：ATMC、ATMCU、ATMCR 和 ATMCW））））））））（”ATMC“）是一家特殊目的收购公司，宣布执行一项协议和合并计划（”合并协议“），根据该协议，ATMC将与HCYC集团有限公司进行业务合并（”HCYC“），HCYC是开曼群岛的注册控股公司。在香港，HCYC通过其子公司HCYC财富管理（亚洲）有限公司开展保险经纪业务，这是一家根据香港法律成立的公司（”HCYC 亚洲“)。
The transaction will be structured as a business combination involving the following mergers: (i) ATMC will merge with and into ATMC Merger Sub 1 Limited, a Cayman Islands exempted company ("Merger Sub 1"), and a wholly-owned subsidiary of HCYC Holding Company, a Cayman Islands exempted company ("PubCo"), with ATMC surviving such merger; (ii) ATMC will merger with and into ATMC Merger Sub 2 Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of PubCo ("Merger Sub 2"), with Merger Sub 2 surviving such merger; and (iii) HCYC will merge with and into HCYC Merger Sub Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of PubCo ("Merger Sub 3", and together with PubCo, Merger Sub 1 and Merger Sub 2, the "Acquisition Entities"), with HCYC surviving such merger (collectively, the "Mergers"). As a result of the Mergers, HCYC shareholders will receive 7,500,000 ordinary shares of PubCo, valued at $75,000,000. The transaction has been approved by the boards of directors of ATMC, HCYC and each Acquisition Entity and is expected to be consummated in early 2024, subject to regulatory approval and respective shareholder approval by the shareholders of ATMC and the shareholders of HCYC and the satisfaction of certain other customary closing conditions.
该交易将采用业务合并的结构，涉及以下合并：（i）ATMC将与开曼群岛豁免公司ATMC Merger Sub 1 Limited合并并入其中（”合并子公司 1“），以及开曼群岛豁免公司HCYC Holding Company的全资子公司（”PubCo“），ATMC在此类合并中幸存下来；（ii）ATMC将与ATMC Merger Sub 2 Limited合并并入ATMC Merger Sub 2 Limited，这是一家开曼群岛豁免公司，也是PubCo的全资子公司（”Merger Sub2“），Merger Sub 2在此类合并中幸存下来；以及（iii）HCYC将与HCYC Merger Sub Limited合并并入HCYC Merger Sub Limited，后者是一家开曼群岛豁免公司，也是PubCo的全资子公司（”合并 Sub 3“再加上 PubCo、Merger Sub 1 和 Merger Sub 2，”收购实体“），HCYC在此类合并中幸存下来（统称为”兼并“）。合并后，HCYC股东将获得750万股PubCo普通股，价值7500万美元。该交易已获得ATMC、HCYC和每个收购实体董事会的批准，预计将于2024年初完成，但须经监管部门批准并获得ATMC股东和HCYC股东的相应股东批准，并满足某些其他惯例成交条件。
HCYC Asia has been in Hong Kong for a period of thirteen years. HCYC Asia holds a professional insurance brokerage license, allowing it to operate within Hong Kong's insurance sector.
HCYC Asia在香港已有十三年了。HCYC Asia持有专业的保险经纪牌照，允许其在香港的保险业内运营。
HCYC Asia partners with multiple insurance companies, such as AXA China Region Insurance Co Ltd, AIA International Limited, Prudential Hong Kong Limited, FTLife Insurance Company Limited. HCYC actively leverages the resources and technological expertise of these business partners, with the aim of delivering professional, customized, and value-added services to both individual and corporate clients. HCYC believes this approach provides them, and HCYC Asia, with a distinct advantage in the marketplace.
HCYC Asia与多家保险公司合作，例如安盛中国区域保险有限公司、友邦保险国际有限公司、保诚香港有限公司、富通人寿保险有限公司。HCYC积极利用这些业务合作伙伴的资源和技术专长，旨在为个人和企业客户提供专业、定制和增值的服务。HCYC认为，这种方法为他们和HCYC Asia提供了明显的市场优势。
Upon the closing of the Mergers, PubCo is expected to become a NASDAQ-listed public company trading under a new ticker symbol. HCYC's executive management team will continue to lead PubCo. There can be no assurance that PubCo will remain listed on NASDAQ.
合并结束后，PubCo有望成为一家在纳斯达克上市的上市公司，以新的股票代码进行交易。HCYC的执行管理团队将继续领导PubCo。无法保证PubCo将继续在纳斯达克上市。
The description of the Mergers contained herein is only a summary and is qualified in its entirety by reference to the Merger Agreement. For additional information, see ATMC's Current Report on Form 8-K, which will be filed promptly and can be obtained at the website of the U.S. Securities and Exchange Commission ("SEC") at www.sec.gov.
此处对合并的描述仅为摘要，并参照合并协议对其进行了全面限定。有关更多信息，请参阅 ATMC 的 8-K 表最新报告，该报告将立即提交，可在美国证券交易委员会的网站上获取（”秒“) 在 www.sec.gov。