ALPHATIME ACQUISITION CORP completed its initial public offering (IPO) of 6,000,000 units, generating gross proceeds of $60,000,000. They also completed a private sale of 370,500 units to the Sponsor, generating gross proceeds of $3,705,000. Directors were appointed to the board of directors and the company adopted its Amended and Restated Memorandum and Articles of Association. $61,200,000 of the proceeds were placed in a trust account.