AlphaTime Acquisition Corp Right (ATMCR)ATMCR

AlphaTime Acquisition Corp Right (ALPTR) Overview:

Company Profile:

• History:

  • AlphaTime Acquisition Corp Right (ALPTR) is a blank check company formed on August 20, 2021. It went public on October 27, 2021.
  • AlphaTime's strategy was to find and acquire a business in Asia within 24 months of the IPO, focusing on sectors such as technology, media, telecommunications, or healthcare. However, their search was unsuccessful and they decided to liquidate the trust on August 3, 2023.
  • Investors who held their ALPTR shares received $10.27 per share, a slight premium compared to the original $10 per share IPO price.

• Core business area:

  • ALPTR was not involved in any business operations, as the company's mission was to identify and acquire a target business.

• Leadership Team:

  • The management team included experienced individuals from investment banking, private equity, and technology backgrounds.
  • David Chao was the Chairman and CEO of ALPTR, with extensive experience in finance and technology.
  • Michael Zee served as President, leveraging his strong track record in mergers and acquisitions.

Top Products and Market Share:

• As ALPTR did not operate as a functioning business, it did not have any specific products or market share.

Total Addressable Market:

• ALPTR aimed to enter the Asian market, which has a massive population and growing economic power, thus offering a significant potential customer base.

Financial Performance:

• Given its short lifespan of less than two years and no business operations, ALPTR's financial statements are limited and do not reflect a typical operating company's financials.

Dividends and Shareholder Returns:

• ALPTR never issued any dividends and did not engage in any stock buyback programs during its existence.

Growth Trajectory:

• As the company never acquired a target company, its growth trajectory remained unrealized.

Market Dynamics:

• ALPTR entered the SPAC market which was experiencing high activity in 2021 but faced a downturn in 2022.

Competitors:

• ALPTR faced competition from many other SPACs in the Asian market. Some competitors included:
  • *Thunder Bridge Capital (THBR)
  • *ACE Convergence Acquisition (ACAC)
  • Pacifico Acquisition Corporation (PAQC)

Challenges and Opportunities:

• Key challenge was finding and acquiring an attractive Asian company within the 24 month time frame.
• Key potential opportunity was accessing a vast Asian market experiencing significant growth potential.

Recent Acquisitions:

• No acquisitions were completed during ALPTR's existence.

AI-Based Fundamental Rating:

• Due to the limited operational history and unique nature of a liquidated SPAC, providing an AI-based fundamental rating for ALPTR would be inaccurate and inappropriate.

Sources & Disclaimers:

• This information was gathered from various sources, including SEC filings, press releases, financial news publications, and company websites.
• This information is intended for general educational purposes and should not be interpreted as investment advice.
• Please conduct further research and consider professional financial advice before making investment decisions.

Disclaimer: ALPTR has now ceased to exist as it completed the liquidation on August 3, 2023, and all of its activities are no longer relevant for investment analysis.