AtlasClear announced the completion of its business combination with Quantum FinTech Acquisition. The deal was approved by Quantum’s stockholders on Nov. 3.
AtlasClear stock begin trading today on the NYSE American under the ticker symbol ATCH.
AtlasClear also announced the completion of its acquisition of broker-dealer Wilson-Davis & Co., and that its definitive agreement to acquire Commercial Bancorp of Wyoming continues to be in full force and effect. It is expected that Commercial Bancorp will be merged with and into a subsidiary of AtlasClear upon receipt of all necessary regulatory approvals.
AtlasClear provides specialized banking and clearing services to other financial services firms, with an emphasis on global markets currently underserviced by larger vendors.
Quantum and AtlasClear in October agreed to waive the $40 million minimum cash condition.
AtlasClear’s goal is to build a technology-enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. Read more.
