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AtlasClear and Quantum FinTech Acquisition Corporation (NYSE: QFTA) have submitted a draft registration statement regarding a proposed business combination. This combination is set to result in AtlasClear Holdings, which will include the acquisition of Wilson-Davis & Co., Inc., a broker-dealer, and Commercial Bancorp of Wyoming, a federal reserve member bank. The combined entity aims to create an innovative financial services platform focused on trading and banking, leveraging cutting-edge technology. The new entity anticipates significant operational efficiencies and enhanced service offerings in the financial products sector.
AtlasClear has announced its acquisition of technology assets from Atlas Fintech Holdings and correspondent clearing broker dealer Wilson Davis & Co. This transaction also includes an agreement to acquire Commercial Bancorp of Wyoming, expected to close in Q2 or Q3 2023, pending regulatory approvals. The combined entity will provide specialized banking and clearing services, aiming to serve underserved global markets. The integration is projected to enhance cost efficiency and product offerings, with plans for public listing under the ticker symbol 'ATCL'.
Quantum FinTech Acquisition Corporation (NYSE: QFTA) announced advisory roles related to its proposed initial business combination with TradeStation Group, Inc.. Piper Sandler & Co. serves as the financial advisor, while Chardan acts as M&A advisor. The merger aims to target high-growth opportunities in the financial services and fintech sectors. A registration statement will be filed with the SEC for stockholder approval, containing vital information on the business combination. Investors are encouraged to review forthcoming documentation for detailed insights.
Quantum FinTech Acquisition Corporation announced that starting March 10, 2021, holders of its IPO units can trade shares of its common stock and warrants separately.
Units will trade under the symbol QFTA.U, while common stock and warrants will trade under QFTA and QFTA WS, respectively. Investors need to contact Continental Stock Transfer & Trust Company for separation. The SEC declared the registration statements effective on February 4, 2021. This announcement does not constitute an offer to sell or solicit any offers to buy securities.
Quantum FinTech Acquisition Corporation announced that underwriters fully exercised their over-allotment option in its initial public offering, issuing an additional 2,625,000 units at $10.00 each. This brings the total units issued to 20,125,000, with $201,250,000 now in the Company’s trust account. Each unit comprises one share of common stock and a redeemable warrant. Trading under the ticker symbol 'QFTA.U', shares and warrants are expected to be listed separately under 'QFTA' and 'QFTA WS' on NYSE. Chardan served as the sole book running manager.
Quantum FinTech Acquisition Corporation announced the successful closing of its initial public offering, raising $175 million by offering 17.5 million units at $10.00 each. Each unit comprises one share of common stock and one redeemable warrant, allowing the purchase of a half-share at $11.50 per full share. The units will trade on the NYSE under the ticker symbol QFTA.U, with separate listings anticipated for the common stock and warrants. The offering included a 45-day over-allotment option for underwriters.
