AtlasClear secures $3M convertible note financing; additional $2M possible

AtlasClear Holdings, Inc.

Gross proceeds $3M ($3.6M principal due to 20% OID); notes mature in 6 months or upon $10M+ equity raise.
Notes convertible at holder option at same price as qualified equity financing; no interest.
Dawson James Securities acted as placement agent; fees 5% of gross proceeds.
Sixth Borough Capital (controlled by board member & Dawson James CEO) purchased $600k principal.
Proceeds for general corporate purposes/working capital; company may raise additional $2M.

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