Atlasclear Holdings enters agreements for $20M financing

AtlasClear Holdings (ATCH) entered into definitive agreements for a $20,000,000 financing. “We are excited to report that Funicular Funds, LP has led a reinvestment into our Company as part of a $20,000,000 financing, which includes the rollover of $4,250,000 of the recent debt financing and participation from Sixth Borough Capital,” said John Schaible, Executive Chairman of AtlasClear Holdings. “We believe that this financing will allow the Company to fully accelerate its business model, onboard new correspondents, and expand into other lines of revenue.” After giving effect to the rollover, the financing will result in gross proceeds to the Company of $15,750,000, before placement agent fees and other transaction expenses. Dawson James acted as exclusive Placement Agent for the transaction.