AlphaTime Acquisition Corp (ATMC) Skyrockets After HCYC Merger Vote: Latest News, Deal Terms and 2026 Outlook
AlphaTime Acquisition Corp (NASDAQ: ATMC) surged over 600% in pre-market trading on December 9, 2025, hitting $104.70 after shareholders approved a merger with Hong Kong insurance broker HCYC. The spike pushed its implied market cap to about $267 million, far above the $75 million equity value set in the merger. ATMC had closed at $15.60 the previous day. The company has no significant operations of its own.
