24/7 Market News Snapshot 09 October, 2025 – AtlasClear Holdings, Inc. (NYSE:ATCH)
DENVER, Colo., 09 October, 2025 (www.247marketnews.com) – (NYSE:ATCH) are discussed in this article.
AtlasClear Holdings, Inc. (ATCH) has exhibited substantial growth in the pre-market, with shares soaring to $0.492, reflecting a remarkable 35.43% rise from the prior close of $0.363. This upward momentum was propelled by an impressive trading volume of 37.94 million shares, signaling strong investor interest in the company. Technical indicators suggest that this bullish trend may continue, potentially inviting further investment as ATCH breaks through significant resistance levels.
In conjunction with this positive market performance, AtlasClear has successfully completed a $20 million financing round to bolster its innovative financial services platform. Strategic investments led by Funicular Funds, LP, and supported by Sixth Borough Capital, consist of $10 million in five-year convertible debt with an 11% coupon and a conversion price of $0.75. Additionally, the company will generate $10 million through units priced at $0.60, where each unit includes one share of common stock and one warrant at a strike price of $0.75. After considering a rollover of $4.25 million from earlier debt financing, AtlasClear expects to achieve gross proceeds of approximately $15.75 million.
John Schaible, Executive Chairman of AtlasClear, emphasized the significance of these partnerships, indicating a strong vote of confidence in the company’s strategic direction. The financing will facilitate the expansion of its correspondent network and enhance operational capabilities, allowing for the deployment of advanced technologies to improve competitive positioning in the evolving financial landscape.
Craig Ridenhour, President of AtlasClear, noted that the investment will also aid in augmenting staffing, thus driving the company’s mission to modernize trading, clearing, settlement, and banking processes for small- and mid-market financial institutions. With a leadership team of seasoned industry experts, AtlasClear is well on its way to establishing itself as a comprehensive provider of innovative financial solutions, committed to generating sustained growth and value for its stakeholders.