secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001104659-24-024588
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.06, 5.02, 3.02, 5.03, 2.03, 3.03, 5.01, 5.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AtlasClear Holdings completes SPAC merger with Quantum FinTech; starts trading under ATCH
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- Business combination closed Feb 9, 2024; name changed to AtlasClear Holdings; common stock listed on NYSE under symbol ATCH starting Feb 12.
- Approximately 98% of Quantum public shares redeemed (~$53.9M); only 109,499 public shares remain after closing.
- Post-closing shares outstanding: 11,781,759; includes 4,440,000 merger consideration shares and up to 5.94M earn-out shares.
- Entered $6M secured convertible note with Funicular Funds (12.5% interest, 9% conversion floor $2) to fund Wilson-Davis acquisition.
- Wilson-Davis acquisition price reduced by $5M; $8M cash plus seller notes; Sponsor transferred 885,010 Founder Shares to sellers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924024588/0001104659-24-024588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924024588/tm246237d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024588

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