AtlasClear settles with Chardan, restructures $5.21M note; shareholders approve reverse stock splits

AtlasClear Holdings, Inc.

Settlement with Chardan: original $4.15M note exchanged for amended $5.21M non-interest-bearing convertible note (matures Feb 9, 2028); conversion at 95% of VWAP.
Registration rights amended: file resale registration by Dec 31, 2024; fails: 2% interest until filed, 19.99% if not effective by Mar 31, 2025.
Shareholders approved 1-for-30, 40, 50, and 60 reverse stock split proposals; board may implement any by Oct 25, 2025.
Shareholders also approved increase in authorized common shares from 100M to 500M and preferred from 1M to 25M.
Special meeting had 54.7% turnout (12.7M of 23.3M shares voted).

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