AtlasClear announces $20M financing: $10M convertible debt + $10M equity units at $0.60/unit

AtlasClear Holdings, Inc.

$10M convertible note: 11% coupon, 5-year maturity, conversion at $0.75/share.
$10M equity units at $0.60/unit: one share + one warrant ($0.75 strike, 5-year term).
$4.25M of recent debt converted; net proceeds ~$15.75M before fees/expenses.
Insider participation: $500k from Sixth Borough Capital (affiliate of placement agent CEO and board member).
Proceeds to accelerate business, onboard correspondents, expand revenue, increase staff and tech.

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Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AtlasClear Holdings, Inc. issued unit to certain institutional investors (each, an "Investor"), including Funicular for purchase price of $0.60 per Unit.

Security: unit
Purchaser: certain institutional investors (each, an "Investor"), including Funicular
Consideration: purchase price of $0.60 per Unit

Exact text from the filing

the Company entered into a securities purchase agreement (the "Equity SPA") with certain institutional investors (each, an "Investor"), including Funicular, pursuant to which the Company agreed to issue and sell, in a private placement, units of securities (each, a "Unit"), for a purchase price of $0.60 per Unit.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

AtlasClear Holdings, Inc. issued convertible note to Funicular Funds, LP for purchase price of $10,000,000.

Security: convertible note
Purchaser: Funicular Funds, LP
Consideration: purchase price of $10,000,000

Exact text from the filing

Pursuant to the Restated SPA, the Company issued and sold to Funicular, for a purchase price of $10,000,000, an amended and restated convertible promissory note, dated October 8, 2025

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AtlasClear Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-099278

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