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AtlasClear Holdings, Inc. (NYSE American:ATCH), a finance services company based in Tampa, Florida, disclosed in a recent SEC filing that Chardan Capital Markets LLC has converted at least $4.1 million of its outstanding convertible debt since February 2025. As of March 11, 2025, AtlasClear Holdings has 6,244,125 shares of common stock issued and outstanding. The company’s market capitalization currently stands at just $0.28 million, with shares trading at $1.33. According to InvestingPro data, the stock has experienced significant volatility, falling 98.52% over the past year.
The conversion by Chardan Capital Markets, a financial institution, is part of AtlasClear Holdings’ financial activities and reflects changes in the company’s capital structure. The conversion of debt to equity can often be seen as a move by debt holders to participate in the potential upside of a company’s equity value. InvestingPro analysis reveals the company’s overall financial health is currently rated as WEAK, with 10+ additional key insights available to subscribers.
AtlasClear Holdings, which operates under the finance services industry with a SIC code of 6199, is incorporated in Delaware and has its executive offices at 2203 Lois Ave., Ste. 814, Tampa, FL 33607. The company, formerly known as Calculator New Pubco, Inc., underwent a name change on January 20, 2023.
This financial disclosure was made in line with Regulation FD, which aims to ensure that individual investors and the professional investment community receive equal access to material company information that may affect investment decisions.
The information regarding AtlasClear Holdings’ share count and debt conversion is based on an 8-K filing with the Securities and Exchange Commission as of March 12, 2025. The company’s common stock is listed on the NYSE American LLC under the trading symbol ATCH.
In the SEC filing, John Schaible, the Executive Chairman of AtlasClear Holdings, Inc., signed off on the report, which was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. The filing provides investors and the public with up-to-date information about the company’s financial developments.
AtlasClear Holdings identifies itself as an emerging growth company, which is a category designated for companies with revenues below a certain threshold that provides them with a temporary exemption from some regulatory requirements. Despite current challenges, analysts tracked by InvestingPro forecast positive earnings for the company this year, with the next earnings report expected on May 16, 2025, and an EPS forecast of $47.58 for FY2025.
In other recent news, AtlasClear Holdings, Inc. has announced several significant developments. The company entered into a securities purchase agreement with Hanire, LLC, involving a private placement of up to 333,333 shares of its common stock at $15.00 per share, along with a convertible promissory note worth up to $40 million. Additionally, AtlasClear Holdings revealed the resignation of director Robert McBey, effective January 3, 2025, and clarified that his departure was not due to any disagreements with the company. In another leadership change, Richard Barber stepped down as Chief Financial Officer, with the company actively searching for his successor. The company’s Board of Directors also amended its bylaws to lower the quorum requirement for stockholder meetings from a majority to 33.3% of the voting power of outstanding shares. Furthermore, AtlasClear partnered with LocBox to enhance its correspondent clearing platform, aiming to increase revenue through hard-to-borrow stock lending opportunities. These recent developments highlight ongoing strategic and leadership shifts within AtlasClear Holdings.
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