SCHEDULE 13G/A: ATW SPAC Management and Principals Disclose 2.7% Stake in Alphatime Acquisition Corp
Beneficial Ownership Disclosure
ATW SPAC Management LLC, along with its managing members Kerry Propper and Antonio Ruiz-Gimenez, have disclosed a shared beneficial ownership of 2.7% in Alphatime Acquisition Corp's Ordinary Shares as of December 31, 2024.
Summary
- ATW SPAC Management LLC, a Delaware-based registered investment adviser, and its managing members, Kerry Propper (United States) and Antonio Ruiz-Gimenez (Spain), have filed an amended Schedule 13G.
- The filing reports shared beneficial ownership of 188,093 Ordinary Shares of Alphatime Acquisition Corp.
- This ownership represents 2.7% of the Issuer's outstanding Ordinary Shares.
- The percentage is calculated based on 6,873,426 shares issued and outstanding as of November 19, 2024, as disclosed in Alphatime Acquisition Corp's Form 10-Q.
- The shares are held by one or more private funds managed by ATW SPAC Management LLC, which has been delegated exclusive authority to vote and/or direct the disposition of these shares.
- The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by an investment adviser and its principals, indicating their stake in a publicly traded SPAC. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes by an investment firm and its principals, which can influence perceptions of institutional interest.
Key Dates
| Date | Description |
|---|---|
| 2024-11-19 | Date of Issuer's Form 10-Q filing, disclosing 6,873,426 shares issued and outstanding, used as the basis for ownership percentage calculation. |
| 2024-12-31 | Date of event which requires the filing of this statement (beneficial ownership position). |
| 2025-02-13 | Date of signing and filing of the Schedule 13G Amendment No. 1. |
Keywords
Alphatime Acquisition Corp, ATW SPAC Management LLC, Schedule 13G, Beneficial Ownership, SEC Filing, Ordinary Shares, Investment Adviser, Kerry Propper, Antonio Ruiz-Gimenez
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