other material
confidence high
sentiment neutral
materiality 0.55
AtlasClear enters $10M ELOC agreement with Tau Investment Partners
AtlasClear Holdings, Inc.
- Agreement allows AtlasClear to sell up to $10M of common stock to Tau over 24 months.
- Purchase price at 97% of lowest 3-day VWAP; advance limit based on 50% of 30-day avg volume.
- Commitment fee of 1.25% of $10M commitment payable in shares at closing price.
- Company must file resale registration statement for at least 10M shares before advances begin.
- Each advance is conditional upon effectiveness of a registration statement for Tau resales.