secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001104659-24-048400
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

AtlasClear delays registering Chardan Note shares amid FINRA claim; issues 145K shares for interest
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- Quantum LLC filed a FINRA arbitration claim against Chardan Capital Markets regarding the $4.15M convertible note from Feb 2024.
- Company will not register any shares issuable under the Chardan Note until the arbitration is resolved.
- Directed issuance of 145,210 common shares to Wilson-Davis sellers for first quarterly interest on Seller Notes.
- Seller Notes were issued in connection with the business combination with Wilson-Davis & Co.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924048400/0001104659-24-048400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924048400/tm2412119d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-048400

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer