Quantum FinTech Acquisition filed a proxy on its proposed merger with AtlasClear, which provides specialized banking and clearing services to other financial services firms, with an emphasis on global markets currently underserviced by larger vendors.
The proxy also outlines the acquisition by AtlasClear of Wilson-Davis & Co., a correspondent clearing broker-dealer. Additionally, AtlasClear has entered into a definitive agreement to acquire Commercial Bancorp of Wyoming, a federal reserve member, following completion of the mergers.
AtlasClear plans 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.
If approved, upon closing AtlasClear stock is expected to list on the NYSE under the ticker symbol ATCL.
Tampa-based Quantum Fintech raised $175 million in a February 2021 IPO. Read more.
