AlphaTime Acquisition Corp. Secures $11.5 Million Through PIPE Financing, Issues Ordinary Shares and Warrants in Private Placement
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AlphaTime Acquisition Corp. has secured $11.5 million through PIPE financing by entering into Securities Purchase Agreements with accredited investors. The private placement involves the sale of 1,150,000 ordinary shares at $10.00 each, along with warrants to purchase an additional 2,300,000 shares at the same exercise price. This financing is part of the company's business combination with HCYC Group Company Limited and related parties.
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