- AtlasClear Holdings, Inc. (ATCH) entered into agreements on **September 16, 2025**, to issue convertible promissory notes in a private placement, securing **$3,000,000** in gross proceeds with an expected initial closing on **September 17, 2025**.  **[1963088_0001104659-25-090634_tm2526298d1_8k.htm:0]** **[1963088_0001104659-25-090634_tm2526298d1_ex99-1.htm:0]** 
- The notes have an aggregate principal amount of **$3,600,000**, reflecting a **20% original issue discount**, and do not bear interest.  **[1963088_0001104659-25-090634_tm2526298d1_8k.htm:0]** **[1963088_0001104659-25-090634_tm2526298d1_ex99-1.htm:0]** 
- They mature on the earlier of **six months from issuance** or the completion of a **Qualified Financing** (an equity financing of at least **$10 million**), and are convertible into equity at the holder's option at the Qualified Financing's per share price.  **[1963088_0001104659-25-090634_tm2526298d1_8k.htm:0]** **[1963088_0001104659-25-090634_tm2526298d1_ex99-1.htm:0]** **[1963088_0001104659-25-090634_tm2526298d1_ex10-2.htm:1]** 
- The company intends to use the proceeds for **general corporate purposes and working capital** and may raise up to an additional **$2,000,000** in gross proceeds from further note sales.  **[1963088_0001104659-25-090634_tm2526298d1_8k.htm:0]** **[1963088_0001104659-25-090634_tm2526298d1_ex99-1.htm:0]**

AtlasClear Holdings (ATCH)