Business
AtlasClear Holdings, Inc. Provides Update on Financing
TAMPA, Fla., July 31, 2025--AtlasClear Holdings, Inc. ("AtlasClear Holdings" or the "Company") (NYSE American: ATCH) has provided an update for their proposed financing and partnership with Hanire LLC.
About this update from Atlasclear Holdings, Inc.
[{"type":"text","content":"TAMPA, Fla., July 31, 2025--(BUSINESS WIRE)--AtlasClear Holdings, Inc. ("AtlasClear Holdings" or the "Company") (NYSE American: ATCH) has provided an update for their proposed financing and partnership with Hanire LLC.","length":238,"tagName":"p"},{"type":"text","content":""At the request of shareholders, we want to update the market on the previously announced Hanire investment agreements and the improvements to the transaction for our shareholders, which we anticipate funding shortly," said Craig Ridenhour, President, AtlasClear Holdings.","length":282,"tagName":"p"},{"type":"text","content":"The agreed upon amended terms of the original agreements executed on December 31st, 2024.","length":89,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The total investment remains $45,000,000.","length":41,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.","length":138,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The initial investment tranche will now be $20,000,000, up from the original initial investment tranche of $10,000,000.","length":119,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The second investment tranche will now be $25,000,000.","length":54,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Hanire will be purchasing 19.9% of the Company in equity with the remaining balance in convertible notes structured as previously agreed upon and available in prior SEC filings.","length":177,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Hanire will receive two (2) board seats for their investment with minimum equity ownership thresholds to maintain those seats.","length":126,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":655,"olType":false},{"type":"text","content":""As the Company has paid down its outstanding convertible notes by more than $19,270,000, Hanire has proposed and The Board has agreed to use up to $5,000,000 from the first tranche to effectuate a stock buyback program at the discretion of the Board," said John Schaible, Executive Chairman, AtlasClear Holdings.","length":323,"tagName":"p"},{"type":"text","content":...