SCHEDULE 13G/A: Boothbay Entities Maintain 2.8% Passive Stake in Alphatime Acquisition Corp

Boothbay Fund Management, LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass have filed an amended Schedule 13G, confirming their continued passive beneficial ownership of 2.8% of Alphatime Acquisition Corp's Ordinary Shares as of December 31, 2024.

Summary

• Boothbay Fund Management, LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass collectively beneficially own 188,093 Ordinary Shares of Alphatime Acquisition Corp.
• This ownership represents 2.8% of the total class of Ordinary Shares.
• The shares are held by one or more private funds managed by Boothbay Fund Management, LLC, with Ari Glass serving as its Managing Member.
• The reporting persons disclaim beneficial ownership of any securities reported, except to the extent of their pecuniary interest, especially where investment and voting discretion has been delegated to subadvisors.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported passive stake.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of passive ownership. It provides no positive or negative operational or financial news about the issuer, Alphatime Acquisition Corp. The sentiment is purely informational.

Risks

• The reporting persons expressly disclaim beneficial ownership of any securities reported, except to the extent of their pecuniary interest, particularly for shares where sole investment and voting discretion has been delegated to a subadvisor and cannot be terminated within sixty days. This could imply a lack of direct control over these specific shares.

Future Outlook

The document is a passive ownership disclosure and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by Ari Glass, Managing Member of Boothbay Fund Management, LLC)

Industry Context

This filing is a routine disclosure of a passive investment stake in a Special Purpose Acquisition Company (SPAC), Alphatime Acquisition Corp. Such filings are common for institutional investors and hedge funds that hold positions below the 5% threshold for active influence, or for those who have previously filed and are updating their position. It does not provide specific insights into broader industry trends beyond the fact that investment firms continue to hold positions in SPACs.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake held by institutional investors, confirming the continued interest of Boothbay entities in Alphatime Acquisition Corp.

Next Steps

• Boothbay Fund Management, LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass will continue to comply with SEC reporting requirements for their beneficial ownership in Alphatime Acquisition Corp.

Key Dates

Keywords

Alphatime Acquisition Corp, Boothbay Fund Management, Boothbay Absolute Return Strategies, Ari Glass, Schedule 13G, SEC filing, beneficial ownership, passive investment, ordinary shares, investment management