Atlasclear Holdings to effect 1-for-60 reverse stock split

AtlasClear Holdings (ATCH) announced that it intends to effect a 1-for-60 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split will become effective on December 31 upon filing with the Delaware Secretary of State of an amendment to the company’s amended and restated certificate of incorporation and the company’s common stock is expected to begin trading on a split-adjusted basis when the market opens on January 2, 2025. The company’s common stock will continue to trade on NYSE American.