secwatch.observer — SEC 8-K summary
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Issuer:     AtlasClear Holdings, Inc. (ATCH)
CIK:        0001963088
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0001104659-25-090634
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963088/000110465925090634/0001104659-25-090634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963088/000110465925090634/tm2526298d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-090634

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