M&A - AtlasClear Holdings, Inc.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000141057825001330

Filing Summary: AtlasClear Holdings, Inc. has reported on its recent financial condition as of March 31, 2025. The company is engaged in various financial activities, particularly focusing on significant mergers and debt arrangements. The filing indicates an ongoing merger financing and outlines various capital structures, including secured debts, convertible debts, and other financial instruments pivotal to the company's operations. Important notes include a revision of their expected dividend rate and various measures of liabilities, earnings and paid-in capital. The company is positioned to continue its strategy that includes substantial readiness towards equity-based investments and potential market agreements, reflecting an adaptive approach to optimize its financial strategies.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-14

Corporate Action: Merger

Type: Update

Accession Number: 000110465925003438

Filing Summary: On February 9, 2024, AtlasClear Holdings, Inc. (formerly known as Calculator New Pubco, Inc.) completed a merger with Quantum Ventures LLC as per the Business Combination Agreement dated November 16, 2022. Each outstanding share of Quantum's common stock was converted to one share of AtlasClear's Common Stock, and public warrants were adjusted accordingly. A total of 2 million shares were issued to Qvent, LLC for settlement of advanced funds, and Quantum Ventures distributed shares and warrants to its members in connection with the closing of this merger. Quantum Ventures now holds approximately 13% of AtlasClear's total outstanding shares. The document also discusses restrictions on transfers of certain shares held before the initial public offering, as outlined in a Registration Rights and Lock-Up Agreement. No additional plans or arrangements affect the shares held by Quantum Ventures beyond what is disclosed in this update.