secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001104659-24-085163
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AtlasClear enters $10M ELOC agreement with Tau Investment Partners
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924085163/0001104659-24-085163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924085163/tm2420738d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085163

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