secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001104659-25-001831
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AtlasClear enters $45M financing with Hanire and extends Funicular note maturity
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- Entered securities purchase agreement with Hanire for up to 333,333 shares at $15.00/share (post 1-for-60 reverse split) and $40M convertible note at 12% simple interest.
- Note funded in tranches tied to milestones (e.g., $5M at closing, $12.5M upon Wilson-Davis settlement); conversion at 60% of 20-day VWAP.
- Amended $6M Funicular secured note: maturity extended to Jan 31, 2028; defaults waived; consent to Hanire deal granted.
- Stockholders approved Wilson-Davis, Chardan, Funicular, Winston & Strawn, and Tau stock issuances; 1-for-3 reverse split proposal rejected.
- Authorized shares increased to 500M common and 25M preferred; 1-for-60 reverse split filed and effective Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465925001831/0001104659-25-001831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465925001831/tm252200d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-001831

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