ATCH - AtlasClear Holdings Completes $5 Million Financing with Strong Insider Participation
2025-09-24 13:01:29 ET
AtlasClear Holdings, Inc. (NYSE: ATCH ) announced it has completed its previously disclosed $5 million financing , securing the final $2 million through strategic investments led by members of its Board of Directors. The funding underscores insider confidence in the company's growth trajectory ahead of its upcoming financial disclosures.
Details of the Financing
The capital raise, structured through promissory notes, brings AtlasClear's total proceeds to $5 million, following an earlier $3 million closing on September 17. The notes were issued with a 20% Original Issue Discount, giving them an aggregate principal amount of $6.25 million. They mature in six months or upon the completion of a qualified equity financing of at least $10 million, at which point holders may convert into equity at the financing price.
Insider Commitment
Board member Sandip Patel led the final tranche with a $1 million investment and will join the company as Chief Financial Officer and General Counsel. Sixth Borough Capital added $450,000, bringing its total participation to $950,000 across multiple investments. Dawson James Securities acted as the exclusive placement agent for the transaction.
Executive Chairman John Schaible emphasized the importance of insider participation, "This financing funded in material part by our own directors underscores our confidence in the company's performance and trajectory. We are delighted to welcome Mr. Patel to our executive team as both General Counsel and CFO. Every member of our Executive Team and Board has invested into our company, which aligns the Board and the shareholders."
Strategic Outlook
President Craig Ridenhour highlighted the company's broader vision of bridging traditional finance with digital assets, "We are focused on building long-term value and scale. By leveraging exceptional fintech, our goal is to deliver a better model that bridges traditional finance with newer products like crypto. The material improvement of our balance sheet, the strong operating earnings from our subsidiary, and the increase to our stockholder's equity are all reasons to be excited about our company."
Upcoming Catalysts
AtlasClear will provide further financial updates in its forthcoming 10-K filing, expected on or before September 29, 2025, followed by an earnings call scheduled for 8:30 a.m. ET on 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.
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