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 收購公司（納斯達克股票代碼：ATMC、ATMCU、ATMCR 和 ATMCW））））））））（”ATMC“）是一家特殊目的收購公司，宣佈執行一項協議和合並計劃（”合併協議“），根據該協議，ATMC將與HCYC集團有限公司進行業務合併（”HCYC“），HCYC是開曼群島的註冊控股公司。在香港，HCYC通過其子公司HCYC財富管理（亞洲）有限公司開展保險經紀業務，這是一家根據香港法律成立的公司（”HCYC 亞洲“)。
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.
該交易將採用業務合併的結構，涉及以下合併：（i）ATMC將與開曼群島豁免公司ATMC Merger Sub 1 Limited合併併入其中（”合併子公司 1“），以及開曼群島豁免公司HCYC Holding Company的全資子公司（”PubCo“），ATMC在此類合併中倖存下來；（ii）ATMC將與ATMC Merger Sub 2 Limited合併併入ATMC Merger Sub 2 Limited，這是一家開曼群島豁免公司，也是PubCo的全資子公司（”Merger Sub2“），Merger Sub 2在此類合併中倖存下來；以及（iii）HCYC將與HCYC Merger Sub Limited合併併入HCYC Merger Sub Limited，後者是一家開曼群島豁免公司，也是PubCo的全資子公司（”合併 Sub 3“再加上 PubCo、Merger Sub 1 和 Merger Sub 2，”收購實體“），HCYC在此類合併中倖存下來（統稱爲”兼併“）。合併後，HCYC股東將獲得750萬股PubCo普通股，價值7500萬美元。該交易已獲得ATMC、HCYC和每個收購實體董事會的批准，預計將於2024年初完成，但須經監管部門批准並獲得ATMC股東和HCYC股東的相應股東批准，並滿足某些其他慣例成交條件。
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持有專業的保險經紀牌照，允許其在香港的保險業內運營。
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與多家保險公司合作，例如安盛中國區域保險有限公司、友邦保險國際有限公司、保誠香港有限公司、富通人壽保險有限公司。HCYC積極利用這些業務合作伙伴的資源和技術專長，旨在爲個人和企業客戶提供專業、定製和增值的服務。HCYC認爲，這種方法爲他們和HCYC Asia提供了明顯的市場優勢。
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.
合併結束後，PubCo有望成爲一家在納斯達克上市的上市公司，以新的股票代碼進行交易。HCYC的執行管理團隊將繼續領導PubCo。無法保證PubCo將繼續在納斯達克上市。
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.
此處對合並的描述僅爲摘要，並參照合併協議對其進行了全面限定。有關更多信息，請參閱 ATMC 的 8-K 表最新報告，該報告將立即提交，可在美國證券交易委員會的網站上獲取（”秒“) 在 www.sec.gov。