AtlasClear Holdings Completes $5 Million Financing with Strong Board Member Participation

AtlasClear Holdings has successfully closed the remaining $2,000,000 of its previously announced $5 million company financing, with the latest round led by board members demonstrating significant leadership commitment. The complete funding was achieved through the issuance of promissory notes from strategic investors and board members, including the initial $3 million announced on September 17, 2025. The notes were issued with a 20% Original Issue Discount, resulting in an aggregate principal amount of $6,250,000 that matures on the earlier of six months or when the company completes a qualified equity financing of at least $10 million.

Board of Directors member Sandip Patel led the final closing with a $1 million investment into the notes and will join AtlasClear Holdings as Chief Financial Officer and General Counsel. Sixth Borough Capital invested an additional $450,000, bringing its total investment to $950,000, marking its third investment following recent $500,000 note and debenture purchases. Dawson James Securities served as the exclusive placement agent for the financing round. The substantial participation from company leadership underscores the confidence in AtlasClear's strategic direction and financial performance.

Executive Chairman John Schaible emphasized that the financing funded in material part by the company's own directors demonstrates strong confidence in the company's performance and trajectory. The alignment between board members and shareholders is particularly significant as every member of the executive team and board of directors has invested in the company. This level of internal investment is rare and typically indicates strong belief in the company's future prospects and strategic vision.

President Craig Ridenhour highlighted the company's focus on building long-term value and scale by leveraging exceptional financial technology to deliver a better model that bridges traditional finance with newer products like cryptocurrency. The material improvement of the company's balance sheet, strong operating earnings from its wholly owned subsidiary, and the increase to stockholder's equity are all positive indicators that will be detailed in the forthcoming SEC 10-K filing. The company anticipates filing the 10-K on or before Monday, September 29th, followed by an earnings call scheduled for 8:30am Eastern on Tuesday, September 30th.

The successful completion of this financing round is particularly important given AtlasClear Holdings' strategic goal of creating a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The company's focus on serving small and middle market financial services firms with technology-enabled financial services positions it uniquely in the evolving financial landscape. The leadership team, consisting of respected financial services industry veterans who have founded and led other companies in the industry, brings substantial experience to the execution of this vision.

The timing of this funding completion coincides with increasing market interest in financial technology companies that can effectively bridge traditional financial services with emerging digital assets. The company's approach to creating a more efficient platform for trading, clearing, settlement and banking of evolving financial products addresses a significant gap in the market. The involvement of established financial institutions like Wilson-Davis & Co., a full-service correspondent securities broker-dealer registered with the Securities and Exchange Commission, and Commercial Bancorp of Wyoming through its Farmers State Bank subsidiary, provides additional credibility to AtlasClear's business model and long-term strategy.