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Investing.com -- Atlasclear Holdings Inc (NYSE American:ATCH) stock surged 50% after announcing a $500,000 debenture investment from Sixth Borough Capital LP, a firm led by Dawson James CEO Robert D. Keyser, Jr.
The investment aligns with Atlasclear’s stated goals of enhancing revenues through introducing broker relationships, increased retail operations, and investment banking activities. When combined with an anticipated upcoming financing from Hanire LLC, the company expects to accelerate its growth initiatives.
As part of the arrangement, Keyser has been appointed to an advisory board role and will be nominated to Atlasclear’s board of directors. The company’s leadership expressed optimism about the strategic benefits of the partnership.
"We are excited about our partnership with Sixth Borough Capital LLC. and we feel fortunate to add someone of Bob’s caliber to our Board," said Company President Craig Ridenhour, noting that Keyser will help explore synergies between Atlasclear’s clearing operations and Dawson James, as well as assist with investment banking, general strategy, and crypto strategy.
John Schaible, Executive Chairman of Atlasclear, highlighted that the investment supports the company’s publicly stated growth objectives. Meanwhile, Keyser expressed confidence in Atlasclear’s potential, stating: "I look forward to working with the Board of AtlasClear to help maximize the opportunities available to the Company. We think the Company is undervalued and it has a deeply experienced Board. We will work together to enhance value to the Shareholders going forward."
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