- AtlasClear Holdings, Inc. announced its financial results for the **fourth quarter and full fiscal year ended June 30, 2025**, and filed its fiscal year 2025 Form 10-K on September 29, 2025.  **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:0]** 
- The company significantly reduced De-SPAC related debt and penalties by **83%**, from **$52.6 million** as of June 30, 2024, to approximately **$8.9 million** as of September 29, 2025, and increased stockholders' equity by over **$43 million** from year-end 2024.  **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:0]** **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:1]** 
- AtlasClear secured **$5 million** in new financing in September 2025, resulting in current total debt of approximately **$14.9 million**.  **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:0]** **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:1]** 
- The company signed a **third correspondent clearing customer** and extended its contract to acquire Commercial Bancorp of Wyoming.  **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:0]** 
- The leadership team was strengthened with the appointment of **Sandip Patel** as CFO/GC and **Steven Carlson** as an Independent Director.  **[1963088_0001104659-25-094601_tm2527466d1_ex99-1.htm:0]**

AtlasClear Holdings Announces Fourth Quarter and Full Year Fiscal 2025 Financial Results and Corporate Update

- 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)