AlphaTime Acquisition Corp Reports $127K Net Loss in Q2 2025

AlphaTime Acquisition Corp has reported its financial results for the second quarter of 2025, revealing a net loss of $127,315 for the three months ending June 30, 2025, compared to a net income of $385,370 for the same period in 2024. For the first half of 2025, the company recorded a net loss of $9,346, a significant decline from the net income of $827,635 reported in the first half of 2024. The losses stemmed primarily from formation and operating costs, which totaled $290,004 for the second quarter and $473,406 for the first half of 2025, offset by income earned on the Trust Account amounting to $162,689 and $464,060, respectively.

In terms of balance sheet performance, as of June 30, 2025, AlphaTime's total assets stood at $15,861,200, an increase from $15,257,022 at the end of 2024. The company’s cash balance decreased slightly to $1,329 from $1,425, while its investment held in the Trust Account rose to $15,809,323 from $15,240,284. However, total liabilities increased to $6,360,024 from $5,746,500, primarily due to an increase in current liabilities, which rose to $3,945,024 from $3,331,500.

Operationally, AlphaTime has not yet commenced any business operations and remains focused on identifying a target for its initial business combination. The company has extended its deadline for completing this business combination multiple times, with the latest extension allowing until October 4, 2025. As of June 30, 2025, the company had 3,469,450 ordinary shares outstanding, down from 6,873,426 following a significant redemption of shares by investors. This redemption resulted in approximately $38.9 million being withdrawn from the Trust Account.

The company continues to face challenges related to liquidity, with a working capital deficit of $3,893,147 as of June 30, 2025. Management has indicated that additional capital will be necessary to meet liquidity needs beyond the net proceeds from the IPO. The company has incurred significant costs related to its public company status and anticipates ongoing expenses as it seeks to finalize a business combination. Despite these challenges, AlphaTime remains committed to pursuing a merger or acquisition in sectors such as fintech, clean energy, and artificial intelligence, leveraging the expertise of its management team.

Looking ahead, AlphaTime's management has expressed uncertainty regarding its ability to continue as a going concern, particularly if it fails to complete a business combination by the extended deadline. The company has not yet identified a specific target for acquisition, and its future financial performance will largely depend on its ability to successfully execute a business combination and manage its operational costs effectively.