$10,000,000 to be invested in the form of convertible debt with a 5-year term at an 11% coupon and a conversion price of $0.75
$10,000,000 (inclusive of $4,250,000 converted from recent debt financing) to be invested in the form of units sold at $0.60 per unit that include one share of common stock and one warrant with a strike price of $0.75
TAMPA, Fla., Oct. 09, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE:ATCH) ("AtlasClear Holdings" or the "Company") announced today that it has entered into definitive agreements for a $20,000,000 financing.
"We are excited to report that Funicular Funds, LP has led a reinvestment into our Company as part of a $20,000,000 financing, which includes the rollover of $4,250,000 of the recent debt financing and participation from Sixth Borough Capital," said John Schaible, Executive Chairman of AtlasClear Holdings. "We believe that this financing will allow the Company to fully accelerate its business model, onboard new correspondents, and expand into other lines of revenue."
After giving effect to the rollover, the financing will result in gross proceeds to the Company of $15,750,000, before placement agent fees and other transaction expenses.
"This capital will allow the Company to increase its staff, its bandwidth, and its capabilities," said Craig Ridenhour, President of AtlasClear Holdings. "Moreover, it will help facilitate the deployment of a variety of technologies that we believe will create competitive advantages for us."
Dawson James acted as exclusive Placement Agent for the transaction.
About AtlasClear Holdings, Inc.
AtlasClear Holdings, Inc. is building a cutting-edge, technology-enabled financial services platform to modernize trading, clearing, settlement, and banking for innovative financial products, with a focus on serving small- and middle-market financial institutions. Through its subsidiary, the Company combines industry expertise with longstanding infrastructure: Wilson-Davis & Co., Inc., a full-service correspondent securities broker-dealer registered with the SEC and FINRA and a member of DTCC and NSCC, which ...
