AtlasClear Holdings Secures Additional $2,000,000 Led by 2 Board Members, Completing Previously Announced $5 Million in Funding
AtlasClear Holdings (NYSE American: ATCH) has successfully completed its previously announced $5 million financing through promissory notes, with the final $2 million closing led by board members. The notes were issued with a 20% Original Issue Discount, resulting in an aggregate principal amount of $6.25 million.
Board member Sandip Patel invested $1 million and will join as CFO and General Counsel. Sixth Borough Capital added $450,000, bringing their total investment to $950,000. The notes mature in six months or upon completion of a $10 million qualified equity financing, with conversion options at the qualified financing price.
The company will file its 10-K by September 29, 2025, followed by an earnings call on September 30, 2025 at 8:30 AM ET.
AtlasClear Holdings (NYSE American: ATCH) ha completato con successo il finanziamento di 5 milioni di dollari annunciato in precedenza tramite note promissorie, con la chiusura finale dei 2 milioni guidata dai membri del consiglio. Le note sono state emesse con uno Sconto sul prezzo di emissione del 20%, determinando un importo nominale aggregato di 6,25 milioni di dollari.
Il membro del consiglio Sandip Patel ha investito 1 milione di dollari e si unirà al ruolo di CFO e Consigliere Generale. Sixth Borough Capital ha aggiunto 450.000 dollari, portando il loro investimento totale a 950.000 dollari. Le note scadono tra sei mesi o al completamento di un finanziamento azionario qualificato di 10 milioni di dollari, con opzioni di conversione al prezzo del finanziamento qualificato.
L’azienda presenterà il 10-K entro il 29 settembre 2025, seguita da una call sugli utili il 30 settembre 2025 alle 8:30 ET.
AtlasClear Holdings (NYSE American: ATCH) ha completado con éxito su financiamiento previamente anunciado de 5 millones de dólares a través de pagarés, con el cierre final de 2 millones liderado por los miembros de la junta. Los pagarés se emitieron con un Descuento de Emisión Original del 20%, resultando en un monto principal agregado de 6,25 millones de dólares.
El miembro de la junta Sandip Patel invirtió 1 millón de dólares y se unirá como CFO y Asesor General. Sixth Borough Capital añadió 450.000 dólares, llevando su inversión total a 950.000. Los pagarés vencen en seis meses o al completarse un financiamiento de capital calificado de 10 millones de dólares, con opciones de conversión al precio del financiamiento calificado.
La empresa presentará su 10-K para el 29 de septiembre de 2025, seguido de una llamada sobre resultados el 30 de septiembre de 2025 a las 8:30 AM ET.
AtlasClear Holdings (NYSE American: ATCH)가 앞서 공표한 500만 달러의 자금조달을 약속어음(노트)으로 성공적으로 마무리했으며, 최종 200만 달러의 마감은 이사회 구성원들이 주도했습니다. 어음은 원발행할인 20%으로 발행되어 총 원금이 625만 달러가 되었습니다.
이사회 멤버 산딥 파텔가 100만 달러를 투자했고, CFO 겸 일반법무담당자로 합류할 예정입니다. Sixth Borough Capital가 45만 달러를 추가하여 총 투자액은 95만 달러가 되었습니다. 어음은 6개월 또는 1천만 달러의 적격 주식시장 자금 조달 완료 시 만기되며, 적격 자금조달 가격으로의 전환 옵션이 있습니다.
회사는 2025년 9월 29일까지 10-K를 제출하고, 이후 2025년 9월 30일 오전 8시 30분 ET에 실적 발표를 위한 컨퍼런스 콜을 개최할 예정입니다.
AtlasClear Holdings (NYSE American: ATCH) a mené à bien le financement de 5 millions de dollars annoncé précédemment via des promissory notes, avec la clôture finale des 2 millions menée par les membres du conseil. Les notes ont été émises avec un rabais d’émission original de 20%, ce qui porte le montant principal total à 6,25 millions de dollars.
Le membre du conseil Sandip Patel a investi 1 million de dollars et va rejoindre le poste de CFO et Conseiller Juridique Général. Sixth Borough Capital a ajouté 450 000 dollars, portant leur investissement total à 950 000 dollars. Les notes arrivent à maturité dans six mois ou lors de la réalisation d’un financement en actions qualifié de 10 millions, avec des options de conversion au prix du financement qualifié.
La société déposera son 10-K d’ici le 29 septembre 2025, suivie d’un appel sur les résultats le 30 septembre 2025 à 8h30 ET.
AtlasClear Holdings (NYSE American: ATCH) hat erfolgreich die zuvor angekündigte Finanzierung über 5 Millionen US-Dollar durch Promissory Notes abgeschlossen, wobei die endgültige Finanzierung von 2 Millionen von Vorstandsmitgliedern geleitet wurde. Die Notes wurden mit einem Original Issue Discount von 20% ausgegeben, sodass sich ein gesamtes Nominalvolumen von 6,25 Millionen US-Dollar ergibt.
Vorstandsmitglied Sandip Patel hat 1 Million US-Dollar investiert und wird als CFO und General Counsel tätig. Sixth Borough Capital hat 450.000 US-Dollar hinzugefügt, womit sich deren Gesamteinlage auf 950.000 US-Dollar erhöht. Die Notes laufen in sechs Monaten oder bei Abschluss einer qualifizierten Eigenkapitalfinanzierung über 10 Millionen US-Dollar fällig, mit Umwandlungsoptionen zum Preis der qualifizierten Finanzierung.
Das Unternehmen wird bis zum 29. September 2025 seinen 10-K einreichen, gefolgt von einer Gewinnkonferenz am 30. September 2025 um 8:30 Uhr ET.
AtlasClear Holdings (NYSE American: ATCH) أتمت بنجاح تمويلاً بقيمة 5 ملايين دولار كما أعلن من قبل من خلال سندات لأمر، حيث تم قيادــة إغلاق الـ2 مليون دولار الأخيرة بواسطة أعضاء المجلس. تم إصدار السندات بخصم إصدار أصلي 20%، مما أدى إلى مبلغ رئيسي إجمالي قدره 6.25 مليون دولار.
استثمر عضو المجلس سانديب باتيل 1 مليون دولار وسيلتحق بمنصب المدير المالي ومستشار عام. أضافت Sixth Borough Capital 450,000 دولار، ليصل إجمالي استثمارهم إلى 950,000 دولار. تستحق السندات خلال ستة أشهر أو عند إتمام تمويل أسهم مؤهل بقيمة 10 ملايين دولار، مع خيارات تحويل بسعر التمويل المؤهل.
ستقدم الشركة تقريرها السنوي 10-K بحلول 29 سبتمبر 2025، تليه مكالمة أرباح في 30 سبتمبر 2025 الساعة 8:30 صباحاً بتوقيت شرق الولايات المتحدة.
AtlasClear Holdings (NYSE American: ATCH) 已成功完成先前宣布的500万美元融资，通过本票（promissory notes）完成，最终200万美元由董事会成员牵头完成。该等票据以20%的原始发行折扣发行，造成总本金金额为625万美元。
董事会成员Sandip Patel投资了100万美元，将加入担任首席财务官（CFO）及总法律顾问（GC）。Sixth Borough Capital增资45万美元，使其总投资额达到95万美元。票据到期日为六个月，或在完成1000万美元合格股权融资时到期，具备以合格融资价格转换的选项。
公司将于2025年9月29日提交10-K，随后于2025年9月30日美国东部时间上午8:30举行业绩电话会议。
- Strong leadership confidence demonstrated by Board members' personal investments
- Successful completion of $5 million financing with $6.25 million aggregate principal amount
- Addition of experienced executive Sandip Patel as CFO and General Counsel
- Reported strong operating earnings from wholly owned subsidiary
- Material improvement in balance sheet and stockholders' equity
- 20% Original Issue Discount on notes increases effective cost of capital
- Short-term maturity of six months on promissory notes
- Potential dilution risk if notes convert to equity in future financing
- Signaling Leadership Confidence and Commitment to Company
- Forthcoming 10-K Filing and Earnings Call Scheduled for September 29–30, 2025, respectively
TAMPA, Fla., Sept. 24, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear Holdings” or the “Company”) today announced the successful closing of the remaining
AtlasClear Holdings, reported today that it has raised a total of
Board of Directors member, Sandip Patel, led the final closing, investing
Sixth Borough Capital invested an additional
Dawson James Securities acted as the exclusive placement agent.
“This financing funded in material part by our own directors, underscores our confidence in the Company’s performance and trajectory,” said AtlasClear Holdings Executive Chairman John Schaible. “We are delighted to welcome Mr. Patel, a corporate attorney with a strong financial background who has chaired several public company audit committees, to our executive team as both General Counsel and CFO. Every member of our Executive Team and our Board of Directors has invested into our Company, which aligns the Board and the Shareholders.”
“We are focused on building long term value and scale. By seeking to leverage exceptional fintech, our goal is to deliver a better model that bridges traditional finance with newer products like crypto,” added AtlasClear Holdings President Craig Ridenhour. “The material improvement of our balance sheet, the strong operating earnings from our wholly owned subsidiary, and the increase to our Stockholder’s Equity are all reasons to be excited about our Company.”
The latest AtlasClear Holdings financial updates will be detailed in its forthcoming 10K, which the Company anticipates will be filed on or before Monday, September 29th. Following the release of the 10K, the Company will host an earnings call, planned for 8:30am Eastern, Tuesday, September 30.
About AtlasClear Holdings, Inc.
AtlasClear Holdings is building a cutting-edge technology enabled financial services firm to create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. The strategic goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans who have founded and led other companies in the industry including Legent Clearing, Cor Clearing, Axos Clearing, NexTrade, Symbiont, and Anderen Bank.
About Wilson-Davis & Co., Inc.
Wilson-Davis is a full-service correspondent securities broker-dealer. The company is registered with the Securities and Exchange Commission ("SEC"), the Financial Industry Regulatory Authority and the Securities Investor Protection Organization. In addition, Wilson-Davis is a member of DTCC as well as the National Securities Clearing Corporation. Headquartered in Salt Lake City, Utah. Wilson-Davis has been servicing the investment community since 1968, with satellite offices in California, Arizona, Colorado, New York, New Jersey and Florida.
About Commercial Bancorp of Wyoming
Commercial Bancorp is a bank holding company operating through its wholly owned subsidiary, Farmers State Bank ("FSB") and has been servicing the local community in Pine Bluffs, WY since 1915. It has focused the majority of its services on private and corporate banking. A member of the Federal Reserve, FSB is expected to be a strategic asset for AtlasClear Holdings’ long-term business model.
About Sixth Borough Capital Management LLC.
Sixth Borough Capital Management, LLC (“Sixth Borough”), is a multi-stage, event-driven, alternative investment manager. We utilize a fundamental and value-oriented approach to investing, primarily focused on small and mid-cap private and public equities. Our mandate is unconstrained and fully opportunistic, allowing great latitude in our investment universe — spanning multiple sectors, stages of development, and geographies. We pride ourselves on contrarian thought, high levels of conviction, and an enduring investment process bound by exceptional levels of discipline and risk management. We are committed to building a steadfast business rooted in integrity, strong values, and high ethical standards.
Cautionary Statements Regarding Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings’ current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "foreseeable," "future," "intend," "may," "outlook," "plan," "potential," "proposed," "predict," "project," "seek," "should," "target," "trends," "will," "would" and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the Company’s ability to raise additional financing, including additional proceeds under the note financing described in this press release, (ii) AtlasClear Holdings’ expectations regarding the benefits of any financings, (iii) AtlasClear Holdings’ expectations as to future operational results, (v) AtlasClear Holdings’ anticipated growth strategy, including expected acquisitions, and (v) the financial technology of AtlasClear Holdings.
The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.
Such factors include, but are not limited to: any failure by the Company and Hanire to execute and deliver definitive agreements reflecting the agreement in principle described in this release; 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, including receipt of stockholder approval; AtlasClear’s inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of Wilson-Davis and the technology acquired from Pacsquare Technologies LLC (the "Transaction"); failure to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of AtlasClear Holdings to maintain relationships with customers and suppliers and strategic alliance third parties, and to retain its management and key employees; AtlasClear Holdings’ inability to integrate, and to realize the benefits of, the Transaction and other potential acquisitions; changes in general economic or political conditions; changes in the markets that AtlasClear Holdings targets; slowdowns in securities or cryptocurrency trading or shifting demand for trading, clearing and settling financial products; any change in laws applicable to AtlasClear Holdings or any regulatory or judicial interpretation thereof; factors that may cause a delay in timely filing the transition report described herein; the risk that additional or different information may become known prior to the expected filing of the transition report, and other factors, risks and uncertainties, including those that were included under the heading "Risk Factors" in AtlasClear Holdings’ Transition Report on Form 10-KT filed with the Securities and Exchange Commission on October 16, 2024 and its subsequent filings with the SEC. AtlasClear Holdings cautions that the foregoing list of factors is not exhaustive. Any forward-looking statement made in this communication speaks only as of the date hereof. Plans, intentions or expectations disclosed in forward-looking statements may not be achieved and no one should place undue reliance on such forward-looking statements. AtlasClear Holdings does not undertake any obligation to update, revise or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Contacts
Media
AtlasClearPR@atlasclear.com
Investors
AtlasClearIR@atlasclear.com
FAQ
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