secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001104659-24-111501
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924111501/0001104659-24-111501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465924111501/tm2426825d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-111501

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