Business
AtlasClear Holdings Closes $20,000,000 Financing Investment Led by Funicular Funds, LP with Insider Participation from Sixth Borough Capital
TAMPA, Fla., Oct. 15, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear Holdings” or the “Company”) announced today that it has closed its previously announced $20,000,000 financing. The investment was led by Funicular Funds, LP, with significant insider participation from Sixth Borough Capital. The financing consisted of $10,000,000 in convertible debt with a 5-year term at an 11% coupon and a conversion price of $0.75 per share, as well as $10,000,000 (inclu
About this update from Atlasclear Holdings, Inc.
[{"type":"image","alt":"AtlasClear Holdings, Inc.","displaySize":"","headline":null,"caption":"AtlasClear Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":95,"url":"https://media.zenfs.com/en/globenewswire.com/07f42a2ba598db767cc35fae45416de2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/y4Ix2lIJ3n35Io4IpzZu_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/07f42a2ba598db767cc35fae45416de2","width":300,"height":95}},"lazy":false},{"type":"text","content":"TAMPA, Fla., Oct. 15, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear Holdings” or the “Company”) announced today that it has closed its previously announced $20,000,000 financing. The investment was led by Funicular Funds, LP, with significant insider participation from Sixth Borough Capital.","length":332,"tagName":"p"},{"type":"text","content":"The financing consisted of $10,000,000 in convertible debt with a 5-year term at an 11% coupon and a conversion price of $0.75 per share, as well as $10,000,000 (inclusive of $4,250,000 converted from recent debt financing) invested in the form of units sold at $0.60 per unit. Each unit consists of one share of common stock and one warrant.","length":342,"tagName":"p"},{"type":"text","content":"After giving effect to the rollover of the recent debt financing, the transaction resulted in gross cash proceeds of $15,750,000, before placement agent fees and other transaction expenses.","length":189,"tagName":"p"},{"type":"text","content":"“We are pleased to announce the successful closing of this financing, which represents a strong vote of confidence from our existing investors and partners,” said John Schaible, Executive Chairman of AtlasClear Holdings. “This capital will enable us to accelerate the execution of our strategy, onboard new correspondents, and expand into additional lines of revenue.”","length":368,"tagName":"p"},{"type":"text","content":"“This transaction provides the Company with the resources to scale our operations, grow our team, and deploy technologies that we believe will create durable competitive advantages,” said Craig Ridenhour, President of AtlasClear Holdings.","length":238,"tagName":"p"},{"type":"text","content":"Dawson James acted as exclusive Placement Agent for the transaction.","length":68...