AlphaTime Acquisition priced its initial public offering of 6 million units at $10 each. The units list on the Nasdaq and trade under the ticker symbol ATMCU. Each consists of one ordinary share, a warrant and one right, with each right entitling the holder to receive one-tenth of a share upon completion of a merger.
After the securities begin separate trading, shares, warrants and rights are expected to be listed under the symbols ATMC, ATMCW and ATMCR, respectively. The offering is expected to close Jan. 4.
The SPAC is broadly focused on companies in Asia, and the management team has an extensive network in China, according to the initial S-1 filing for the offering.
Chairman Xinfeng Feng founded Guowangxin (Shenzhen) Investment Co., Ltd. in 2021. Feng founded Guoxing Supply China Management Co., Ltd. in 2020 and served as its executive president. In 2017, Feng founded Shenzhen Qianhai Zhongshang Wealth Management Co., Ltd and served as its executive president. Read more.
