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AtlasClear Holdings Closes Final $2M Of $5M Financing; Board Member Sandip Patel Invests $1M And Joins As CFO

Author: Benzinga Newsdesk | September 24, 2025 08:39am
  • Signaling Leadership Confidence and Commitment to Company
  • Forthcoming 10-K Filing and Earnings Call Scheduled for September 29–30, 2025, respectively



     

TAMPA, Fla., Sept. 24, 2025 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE:ATCH) ("AtlasClear Holdings" or the "Company") today announced the successful closing of the remaining $2,000,000 of the previously announced $5 million company financing.

AtlasClear Holdings, reported today that it has raised a total of $5 million in gross proceeds through the issuance of promissory notes from strategic investors and Board members, including the $3 million announced on September 17, 2025. The notes were issued with a 20% Original Issue Discount, such that they have an aggregate principal amount of $6,250,000 and mature on the earlier of six months or the date the Company completes a qualified equity financing of at least $10 million. The notes may be converted into equity, at each holder's option, at the closing of a qualified equity financing, at the same per share price as such financing.

Board of Directors member, Sandip Patel, led the final closing, investing $1 million into the notes and is joining AtlasClear Holdings as Chief Financial Officer and General Counsel.

Sixth Borough Capital invested an additional $450,000 into the notes, bringing its total investment to $950,000. This marks its third investment following its recent $500,000 note purchase and a $500,000 debenture investment.

Posted In: ATCH

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