AlphaTime shares surge 513.40% premarket after approving complex merger with HCYC.

AlphaTime Acquisition Corp (ATMC.US) surged 513.40% in premarket trading following the announcement of a complex merger plan involving AlphaTime, its subsidiaries, and HCYC becoming a wholly-owned subsidiary of PubCo. The approval of this merger structure, which was disclosed in a prior news report, likely triggered the sharp price spike as investors reacted to the strategic consolidation and potential operational synergies. While other news items highlighted ATMC’s premarket gains, they did not provide new catalysts, underscoring the merger approval as the primary driver of the volatility.