AtlasClear Holdings Secures Significant Financing to Expand

Author: Evelyn Baker Updated: 10-15-2025 08:19 AM

AtlasClear Holdings Announces Major Financing Achievement

AtlasClear Holdings, Inc. (NYSE: ATCH) has successfully finalized a notable $20 million financing initiative. This substantial investment, spearheaded by Funicular Funds, LP, has garnered significant backing from Sixth Borough Capital, demonstrating strong confidence from current investors.

Details of the Financing Structure

The financing package comprised $10 million in convertible debt with a term of five years, featuring an 11% coupon rate and a conversion price set at $0.75 per share. Additionally, it included $10 million deployed through units sold at $0.60 each, which comprise one share of common stock alongside one warrant.

Impact on Capital and Future Plans

After incorporating the rollover from the recent debt financing, the company achieved gross cash proceeds amounting to $15.75 million. John Schaible, Executive Chairman of AtlasClear Holdings, expressed enthusiasm about this successful fundraising effort, emphasizing its role in propelling the company's strategic initiatives. He highlighted how this capital infusion will facilitate onboarding of new correspondents and expansion into diverse revenue streams.

Operational Growth and Scaling

Craig Ridenhour, President of AtlasClear Holdings, articulated the importance of this funding for scaling operations and enhancing the workforce. He noted that the resources acquired through this transaction are vital for deploying technologies aimed at fostering competitive advantages in the financial landscape.

About AtlasClear Holdings, Inc.

AtlasClear Holdings is focused on revolutionizing financial services, employing a technology-enabled platform to modernize trading, clearing, settlement, and banking across a spectrum of financial products. This initiative primarily serves small to middle-market financial institutions. The company is bolstered by its subsidiary, Wilson-Davis & Co., Inc., a robust correspondent securities broker-dealer with a history dating back to 1968. Through its strategic acquisition of Commercial Bancorp of Wyoming, which operates the Farmers State Bank, AtlasClear aims to provide an integrated suite of brokerage and banking solutions.

Future Outlook and Competitive Position

As AtlasClear continues to innovate within the financial sector, its strategic approach, underpinned by a team of seasoned professionals, positions the firm favorably in an evolving marketplace. The leadership's past experiences with major companies like ICE Clear and Axos Clearing enhance AtlasClear's potential to deliver comprehensive solutions.

Conclusion

In summary, AtlasClear Holdings has recently made significant strides in attracting funding to facilitate its growth and operational objectives, laying a solid foundation for future developments within the financial services sector.

Frequently Asked Questions

What was the total amount of financing that AtlasClear Holdings secured?

AtlasClear Holdings secured a total of $20 million in financing.

Who led the financing round for AtlasClear Holdings?

The financing was led by Funicular Funds, LP, with substantial participation from Sixth Borough Capital.

What are the primary components of the financing structure?

The financing includes $10 million in convertible debt and $10 million in equity units sold at $0.60 each.

What is AtlasClear Holdings' primary business focus?

The company focuses on modernizing financial services for small- and middle-market institutions using advanced technology.

How does AtlasClear plan to utilize the financing?

The funds will be used to accelerate their strategy, onboard new correspondents, and expand into new revenue lines.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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