AtlasClear secures $20 million financing to expand operations

TAMPA, Fla. - AtlasClear Holdings, Inc. (NYSE American:ATCH), currently valued at $5.67 million, has secured $20 million in financing through definitive agreements, the financial services company announced Thursday. According to InvestingPro data, the company has maintained profitability over the last twelve months with a healthy gross profit margin of 80.6%.

The financing package, led by Funicular Funds, LP with participation from Sixth Borough Capital and including insider investment, consists of $10 million in convertible debt with a 5-year term at an 11% coupon and a conversion price of $0.75. The remaining $10 million will come in the form of units sold at $0.60 per unit, which include one share of common stock and one warrant with a strike price of $0.75.

The deal includes the rollover of $4.25 million from recent debt financing, resulting in actual gross proceeds of $15.75 million before placement agent fees and transaction expenses.

"This financing will allow the Company to fully accelerate its business model, onboard new correspondents, and expand into other lines of revenue," said John Schaible, Executive Chairman of AtlasClear Holdings, in a press release statement.

Craig Ridenhour, President of AtlasClear Holdings, indicated the capital would help the company increase staffing and capabilities while facilitating technology deployment.

AtlasClear Holdings is building a technology-enabled financial services platform focused on serving small- and middle-market financial institutions. The company operates through its subsidiary Wilson-Davis & Co., Inc., a full-service correspondent securities broker-dealer registered with the SEC and FINRA, and is planning to acquire Commercial Bancorp of Wyoming.

Dawson James served as the exclusive placement agent for the transaction.

In other recent news, Atlasclear Holdings Inc. reported its first quarter of positive cash flow in Q4 2025. The company also achieved a significant reduction in debt and improved stockholder equity during this period. Despite these financial improvements, the stock experienced a notable decline. Analysts have not provided any recent upgrades or downgrades for Atlasclear Holdings. The financial developments are part of the company’s ongoing efforts to enhance its fiscal health. There were no new mergers or acquisitions reported. Investors are keeping a close watch on these developments as they assess the company’s financial trajectory.

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