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AtlasClear Holdings, Inc. (NASDAQ:ATCH) recently reported significant stock transactions by Atlas (NYSE:ATCO) Fintech Holdings Corp., a major stakeholder. According to the SEC Form 4 filing, Atlas Fintech executed open market sales of AtlasClear common stock totaling $126,620. These transactions occurred on November 18 and 19, 2024, with sale prices ranging from $12.99 to $15.93 per share. The stock has since experienced substantial volatility, now trading at $0.51, near its 52-week low of $0.49, according to InvestingPro data.
In addition to the sales, the filing also disclosed acquisitions of restricted shares by Atlas Fintech. These acquisitions, valued at $1,062,733, were executed at prices between $4.64 and $51.72 per share. The acquisitions were part of arrangements to satisfy previous financial obligations and advances made by Atlas Fintech to AtlasClear. The company’s market capitalization has contracted to just $0.11 million, with the stock down 99% from its 52-week high of $99.
Atlas Fintech, which holds a significant stake in AtlasClear, executed these transactions as part of its ongoing financial strategy. The company’s CEO, John Schaible, signed the filing on April 4, 2025. Track insider transactions and access 11 additional key insights with InvestingPro’s comprehensive analysis tools.
In other recent news, AtlasClear Holdings, Inc. has reported the conversion of $4.1 million in debt by Chardan Capital Markets LLC, reflecting changes in the company’s capital structure. This move indicates a shift of debt into equity, potentially allowing debt holders to benefit from the company’s equity value. Additionally, AtlasClear announced a significant private placement agreement with Hanire, LLC, involving the sale of up to 333,333 shares of common stock and a convertible promissory note worth up to $40 million. This transaction is expected to close by January 31, 2025, with several stockholder-approved proposals supporting the placement.
In personnel news, AtlasClear appointed Todd Tabacco as Vice President of Securities Lending at its subsidiary, Wilson Davis & Co., aiming to drive growth in the Stock Loan business. Furthermore, the company has partnered with LocBox to enhance its stock loan management, which President Craig Ridenhour believes will increase revenue streams. In corporate governance, Robert McBey has resigned from his position as a director, with the company indicating no disagreements regarding operations or policies.
These developments reflect AtlasClear’s strategic initiatives and financial activities as the company navigates market opportunities and challenges. Investors are advised to consider these recent changes and their potential impacts on the company’s future performance.
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