AtlasClear Holdings, Inc. (NYSE American: ATCH) announced the closing of a $20 million financing on October 15, 2025. The transaction comprised $10 million in convertible debt with a five‑year term and an 11% coupon, and $10 million in units sold at $0.60 per unit, including a $4.25 million rollover of recent debt. The deal generated gross cash proceeds of $15.75 million before placement agent fees and other expenses.
The convertible debt carries a conversion price of $0.75 per share, while each unit consists of one share of common stock and one warrant. The financing was led by Funicular Funds, LP, with significant insider participation from Sixth Borough Capital. The structure provides AtlasClear with both debt and equity capital, aligning investor interests with the company’s long‑term growth plans.
The capital raised will enable AtlasClear to accelerate the execution of its strategy, onboard new correspondents, and expand into additional revenue lines. By strengthening its balance sheet, the company aims to scale operations and deploy technology that supports its vision of modernizing trading, clearing, settlement, and banking for small and middle‑market financial institutions.
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