AtlasClear Holdings, Inc. Expands Stock Loan Team
AtlasClear Holdings (NYSEAMEX: ATCH) has announced the appointment of Todd Tabacco as Vice President of Securities Lending at its subsidiary, Wilson Davis & Co. This strategic hire aims to accelerate the company's Stock Loan business in partnership with technology provider LocBox.
The company is focused on developing a technology-enabled financial services platform to enhance trading, clearing, settlement, and banking operations, particularly targeting small and middle market financial services firms. President Craig Ridenhour expressed enthusiasm about Tabacco's appointment, highlighting the potential for leveraging LocBox technology to expand their market presence.
AtlasClear Holdings (NYSEAMEX: ATCH) ha annunciato la nomina di Todd Tabacco a Vice Presidente del Prestito Titoli presso la sua filiale, Wilson Davis & Co. Questa assunzione strategica mira ad accelerare il business dei prestiti di azioni dell'azienda in collaborazione con il fornitore di tecnologia LocBox.
L'azienda è focalizzata nello sviluppo di una piattaforma di servizi finanziari abilitata dalla tecnologia per migliorare le operazioni di trading, clearing, settlement e banking, con particolare attenzione alle piccole e medie imprese di servizi finanziari. Il Presidente Craig Ridenhour ha espresso entusiasmo per la nomina di Tabacco, sottolineando il potenziale di sfruttare la tecnologia di LocBox per espandere la loro presenza sul mercato.
AtlasClear Holdings (NYSEAMEX: ATCH) ha anunciado el nombramiento de Todd Tabacco como Vicepresidente de Préstamos de Valores en su filial, Wilson Davis & Co. Esta contratación estratégica tiene como objetivo acelerar el negocio de Préstamos de Acciones de la empresa en asociación con el proveedor de tecnología LocBox.
La empresa se centra en desarrollar una plataforma de servicios financieros habilitada por la tecnología para mejorar las operaciones de negociación, compensación, liquidación y banca, especialmente dirigida a pequeñas y medianas empresas de servicios financieros. El Presidente Craig Ridenhour expresó su entusiasmo por el nombramiento de Tabacco, destacando el potencial de aprovechar la tecnología de LocBox para expandir su presencia en el mercado.
AtlasClear Holdings (NYSEAMEX: ATCH)는 자회사인 Wilson Davis & Co.의 증권 대출 부사장으로 Todd Tabacco를 임명했다고 발표했습니다. 이 전략적 채용은 기술 제공업체 LocBox와 협력하여 회사의 주식 대출 사업을 가속화하는 것을 목표로 하고 있습니다.
회사는 거래, 청산, 결제 및 은행 운영을 개선하기 위해 기술 기반의 금융 서비스 플랫폼을 개발하는 데 집중하고 있으며, 특히 중소 금융 서비스 회사를 대상으로 하고 있습니다. 대통령인 Craig Ridenhour는 Tabacco의 임명에 대해 기대감을 표명하며 LocBox 기술을 활용하여 시장 존재감을 확장할 수 있는 잠재력을 강조했습니다.
AtlasClear Holdings (NYSEAMEX: ATCH) a annoncé la nomination de Todd Tabacco au poste de Vice-Président des Prêts de Titres au sein de sa filiale, Wilson Davis & Co. Cette embauche stratégique vise à accélérer l'activité de prêt d'actions de l'entreprise en partenariat avec le fournisseur de technologie LocBox.
L'entreprise se concentre sur le développement d'une plateforme de services financiers habilitée par la technologie pour améliorer les opérations de trading, de compensation, de règlement et bancaires, en ciblant particulièrement les petites et moyennes entreprises de services financiers. Le Président Craig Ridenhour a exprimé son enthousiasme concernant la nomination de Tabacco, soulignant le potentiel d'exploiter la technologie de LocBox pour élargir leur présence sur le marché.
AtlasClear Holdings (NYSEAMEX: ATCH) hat die Ernennung von Todd Tabacco zum Vizepräsidenten für Wertpapierleihe bei seiner Tochtergesellschaft Wilson Davis & Co. bekannt gegeben. Diese strategische Einstellung zielt darauf ab, das Geschäft mit Aktienkrediten in Partnerschaft mit dem Technologieanbieter LocBox zu beschleunigen.
Das Unternehmen konzentriert sich darauf, eine technologiegestützte Finanzdienstleistungsplattform zu entwickeln, um den Handel, die Abwicklung, die Abrechnung und die Bankgeschäfte zu verbessern, insbesondere mit dem Ziel, kleine und mittelständische Finanzdienstleistungsunternehmen anzusprechen. Präsident Craig Ridenhour äußerte seine Begeisterung über Tabaccos Ernennung und hob das Potenzial hervor, die Technologie von LocBox zu nutzen, um ihre Marktpräsenz auszubauen.
- Strategic expansion of securities lending business with experienced leadership hire
- Technology partnership with LocBox to enhance service offerings
- Untapped business potential in existing custody channel
- None.
The Company is excited to announce that Todd Tabacco has joined its subsidiary, Wilson Davis & Co, as Vice President of Securities Lending. “We are delighted to have someone as experienced and talented as Todd lead our efforts to accelerate our Stock Loan business, especially in conjunction with our technology partner LocBox,” said President Craig Ridenhour.
“AtlasClear has untapped business in its own custody channel and a team with a deep history of applying new technologies, like LocBox, to create new markets and accelerate revenue,” commented Mr. Tabacco. “I look forward to building the business and increasing shareholder value.”
Cautionary Note Regarding Forward Looking Statements
This Shareholder Letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are characterized by future or conditional verbs such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” and similar words. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the closing of all or any portion of the investment from Hanire, (ii) AtlasClear Holdings’ expectations regarding the benefits of the investment from Hanire, including its ability to allow AtlasClear Holdings to accomplish a number of its strategic goals, achieve profitability, deliver the capital needed for its proposed bank acquisition upon approval, solidify its capital foundation, reduce potential dilution, and position the Company to maximize long-term stockholder value, (iii) AtlasClear Holdings’ expectations as to future operational results, (v) AtlasClear Holdings’ anticipated growth strategy, including expected acquisitions and its intended primary focus on introducing broker dealers, (vi) AtlasClear’s beliefs regarding future regulations and their impact on the Company, (vii) AtlasClear’s beliefs regarding the future of the crypto and digital assets markets; and (viii) the financial technology of AtlasClear Holdings. These forward-looking statements are based on the current beliefs and expectations of our management team and involve risks, potential changes in circumstances, assumptions, and uncertainties, including risks related to any failure by Hanire to deliver the tranches of capital on the anticipated schedule, or at all; any failure by the Company to meet the milestones required to receive the tranches of capital on a timely basis, or at all; failure of the Company to realize the anticipated benefits of the investment of capital, such as achieving profitability, delivering the capital needed for its proposed bank acquisition upon approval, solidifying its capital foundation, reducing potential dilution, and positioning the Company to maximize long-term stockholder value; failure by AtlasClear Holdings to satisfy the closing conditions to any of the tranches of capital; inability of regulatory changes, if any are enacted, to favorably impact the Company; poor performance or lack of growth in crypto and digital assets generally; the Company’s inability to accurately predict regulatory developments and developments in the crypto and digital asset markets; the Company’s ability to successfully introduce its new products, gain market acceptance for these products, and achieve profitability by marketing and selling these products. You are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this Stockholder Letter.
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Source: AtlasClear
FAQ
What is the strategic significance of Todd Tabacco's appointment to ATCH's stock loan business?
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What partnership is ATCH leveraging for its stock loan business expansion?
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