First Major Correspondent Integration Completed on Enhanced Clearing Platform; Company Expects Accelerated Onboarding Timeline for Future Clients AtlasClear Commencement of Dawson James Clearing Operations NEW YORK, March 23, 2026 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear” or the “Company”), a financial services company building modern clearing, custody, and trading infrastructure, today announced that Dawson James Securities, Inc. has commenced clearing operati ...

Company Overview - AtlasClear Holdings, Inc. is a financial services company focused on modernizing trading, clearing, settlement, and banking for emerging financial institutions and fintechs [4] - The company operates through its subsidiary Wilson-Davis & Co., Inc., a full-service correspondent broker-dealer, and is in the process of acquiring Commercial Bancorp of Wyoming [4] Upcoming Event - AtlasClear will participate in the 38th Annual ROTH Conference from March 22 to 24, 2026, where company executives will be available for one-on-one meetings with investors [1][2] - Management will discuss recent corporate developments and the overarching strategy of building a technology-enabled financial infrastructure platform [2] Investor Engagement - Investors can schedule one-on-one meetings with AtlasClear management through their ROTH representative [2] - A live audio webcast and replay of the conference will be available in the Investor Relations section of the company's website [3] Additional Resources - To stay updated on AtlasClear's platform strategy and market perspective, the company encourages subscriptions to its YouTube channel and the "Clearing the View by AtlasClear" video series [5] About ROTH - ROTH is a relationship-driven investment bank that provides a full-service platform for growth companies and their investors, including capital raising, equity research, and M&A advisory [6]

Core Viewpoint - AtlasClear Holdings, Inc. is focused on modernizing trading, clearing, settlement, and banking infrastructure through a technology-enabled financial services platform, and has released a video update to clarify its capital structure and recent share trading activity [1][2]. Company Overview - AtlasClear Holdings, Inc. operates a cutting-edge financial services platform aimed at enhancing trading and banking for emerging financial institutions and fintechs [3]. - The company is expanding its services through its subsidiary Wilson-Davis & Co., Inc. and is in the process of acquiring Commercial Bancorp of Wyoming, which will allow it to offer a comprehensive suite of brokerage, clearing, risk management, regulatory, and commercial banking solutions [3]. Communication Strategy - The company emphasizes clear and consistent communication with shareholders, as evidenced by its ongoing "Clearing the View" video series [2][4]. - AtlasClear encourages stakeholders to stay informed about its platform strategy and market perspective by subscribing to its YouTube channel [4]. Recent Developments - The latest video update includes discussions on the company's current capital framework, previously disclosed changes to the balance sheet, and clarifications regarding recent trading activity [6]. - The company maintains a commitment to transparency and effective shareholder communication [6].

Financial Data and Key Metrics Changes - Revenue grew 84% year-over-year, reaching $5.1 million for the quarter [4][9] - Net income reported at $6.8 million, marking a significant improvement [10] - Stockholders' equity turned positive to $21.7 million, an increase of nearly $60 million since year-end 2024 [4][10] - Total assets increased to $77.6 million from $60.9 million as of June 30, 2025 [10][11] - Cash and restricted cash at quarter-end totaled $46.2 million, including $23.1 million in cash and cash equivalents [11] Business Line Data and Key Metrics Changes - Commissions were the largest revenue contributor at just over $3 million, with clearing fees and stock locate-related activity also contributing significantly [9] - The operational performance of Wilson-Davis as the core clearing engine showed continued strength across commissions and clearing-related activities [6][7] Market Data and Key Metrics Changes - The current market environment is becoming increasingly constructive, with greater engagement from broker-dealers and financial institutions focusing on operational efficiency and modernization [4][5] - Firms are expanding their focus beyond traditional equities into a wider range of products and services, emphasizing flexibility and capital efficiency [4] Company Strategy and Development Direction - The company aims to build a modern, technology-enabled financial infrastructure platform for smaller and mid-sized institutions [3] - Priorities include enhancing the client experience, increasing operational consistency, and scaling responsibly [12] - The proposed acquisition of Commercial Bancorp of Wyoming is part of the strategy to create a full licensing platform, combining correspondent clearing services with banking services [13][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position entering 2026, highlighting a strengthened balance sheet and operational momentum [15] - The focus is on execution, delivering for clients, and expanding thoughtfully to build a platform for long-term growth [12][15] Other Important Information - The company has significantly simplified its capital structure, with a current outstanding share count of approximately 150 million shares [17] - Regulatory capital has been strengthened, with a threshold of $10.5 million that must be maintained [18] Q&A Session Summary Question: What does the fully diluted share count look like today? - The current outstanding share count is approximately 150 million shares, with potential additional shares from warrants and convertible notes [17] Question: How should investors think about corporate liquidity versus regulatory capital? - The company maintains a regulatory capital threshold of $10.5 million and has increased its regulatory capital significantly [18] Question: At what revenue level does the clearing business begin to generate consistent operating leverage? - The operating costs are around $14 million, and once covered, the company expects to achieve significant operating leverage [19][20] Question: What is the expected ramp timeline for new introducing brokerage firms? - The company is optimistic about onboarding new clients quickly, with expected positive revenue impacts in the coming quarters [21][23] Question: Can you provide an update on the proposed Commercial Bancorp acquisition? - The company is preparing to file for regulatory approval, with expectations for a quicker approval process than initially anticipated [24][25][28]

Financial Data and Key Metrics Changes - Revenue grew 84% year-over-year, reaching $5.1 million for the quarter [4][9] - Net income reported at $6.8 million, marking a significant improvement [4][10] - Stockholders' equity turned positive to $21.7 million, an increase of nearly $60 million since year-end 2024 [4][10] - Total assets increased to $77.6 million from $60.9 million as of June 30, 2025 [10] - Cash and restricted cash at quarter-end totaled $46.2 million, including $23.1 million in cash and cash equivalents [11] Business Line Data and Key Metrics Changes - Commissions were the largest revenue contributor at just over $3 million for the quarter, with clearing fees and stock locate-related activity also contributing meaningfully [9] - The operational performance of Wilson-Davis as the core clearing engine showed continued strength across commissions and clearing-related activities [6][7] Market Data and Key Metrics Changes - The current market environment is becoming increasingly constructive, with greater engagement from broker-dealers and financial institutions focusing on operational efficiency and modernization [4][5] - The demand for flexible and efficient clearing infrastructure is growing among smaller and mid-sized institutions [12] Company Strategy and Development Direction - The company aims to build a modern, technology-enabled financial infrastructure platform for smaller and mid-sized institutions [3] - Priorities include enhancing the client experience, scaling responsibly, and advancing the full AtlasClear vision, including the proposed acquisition of Commercial Bancorp of Wyoming [12][13] - The focus is on execution, delivering for clients, and building a platform designed for long-term growth [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position entering 2026, highlighting a strengthened balance sheet and operational momentum [15] - The regulatory environment is perceived to be improving, potentially accelerating the approval process for the Commercial Bancorp acquisition [25] Other Important Information - The company has significantly simplified its capital structure over the past year, with a current outstanding share count of approximately 150 million shares [17] - The acquisition of Commercial Bancorp is expected to create a full licensing platform, enhancing service offerings [27][28] Q&A Session Summary Question: What does the fully diluted share count look like today? - The current outstanding share count is approximately 150 million shares, with potential additional shares from warrants and convertible notes [17] Question: How should investors think about corporate liquidity versus regulatory capital? - The company maintains a regulatory capital threshold of $10.5 million and aims to keep cash above $15 million for operational flexibility [18] Question: At what revenue level does the clearing business begin to generate consistent operating leverage? - The operating costs are around $14 million, and once covered, the company expects to achieve significant operating leverage [19][20] Question: What is the expected ramp timeline for new introducing brokerage firms? - The company anticipates that new correspondent clearing clients will onboard quickly, with measurable revenue impacts expected over the next few quarters [21][23] Question: Can you provide an update on the proposed Commercial Bancorp acquisition? - The company is preparing to file its application with the Fed, with expectations for a quicker approval process than initially anticipated [24][25][30]

Financial Data and Key Metrics Changes - Revenue grew 84% year-over-year, reaching $5.1 million for the quarter [4][8] - Net income reported at $6.8 million, marking a significant improvement [9] - Stockholders' equity turned positive to $21.7 million, an increase of nearly $60 million since year-end 2024 [4][9] - Total assets increased to $77.6 million from $60.9 million as of June 30, 2025 [9][10] - Cash and restricted cash totaled $46.2 million, including $23.1 million in cash and cash equivalents [10] Business Line Data and Key Metrics Changes - Commissions were the largest revenue contributor at just over $3 million for the quarter, with clearing fees and stock locate-related activity also contributing meaningfully [8] - The operational performance of Wilson-Davis as the core clearing engine showed continued strength across commissions and clearing-related activities [6][8] Market Data and Key Metrics Changes - The current market environment is becoming increasingly constructive, with greater engagement from broker-dealers and financial institutions seeking efficient operations and modernized infrastructure [4][5] - Firms are expanding their focus beyond traditional equities into a wider range of products and services, emphasizing flexibility and capital efficiency [4] Company Strategy and Development Direction - The company aims to build a modern, technology-enabled financial infrastructure platform for smaller and mid-sized institutions [3] - Priorities include enhancing the client experience, scaling responsibly, and advancing the full AtlasClear vision, including the proposed acquisition of Commercial Bancorp of Wyoming [11][12] - The strategy focuses on execution, delivering for clients, and thoughtful expansion to support long-term growth [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position entering 2026, highlighting a strengthened balance sheet and operational momentum [13] - The focus is on enhancing the core clearing business with smarter technology and improving connectivity across workflows [13][14] - The regulatory environment is perceived to be improving, potentially accelerating the approval process for the Commercial Bancorp acquisition [24][29] Other Important Information - The company has simplified its capital structure, with approximately 150 million shares outstanding and potential dilution from warrants and convertible notes [15] - Regulatory capital requirements are being met, with a focus on maintaining sufficient liquidity for operations and growth [16] Q&A Session Summary Question: What does the fully diluted share count look like today? - The current outstanding share count is approximately 150 million shares, with potential additional shares from warrants and convertible notes [15] Question: How should investors think about true corporate liquidity versus regulatory capital? - The company maintains a regulatory capital threshold of $10.5 million and aims to keep net capital above $15 million [16] Question: At what revenue level does the clearing business begin to generate consistent operating leverage? - The threshold for operating leverage is around $14 million in operating costs, beyond which the company expects significant scaling [17][18] Question: Can you provide clarity on the expected ramp timeline for new introducing brokerage firms? - The company is optimistic about onboarding new correspondent clearing clients quickly, with measurable impacts on revenue expected in the coming quarters [20][22] Question: What is the status of the proposed Commercial Bancorp acquisition? - The company is preparing to file for regulatory approval, with expectations for a quicker approval process than initially anticipated [23][24][29]

Core Insights - AtlasClear Holdings reported an 84% year-over-year revenue growth, indicating strong operational momentum [3][8] - The company achieved positive stockholders' equity of $21.7 million, a significant improvement of approximately $60 million compared to fiscal year-end 2024 [3][5] - Liquidity was bolstered with $46.2 million in cash and restricted cash, enhancing financial flexibility [3][8] Financial Performance - Revenue for the fiscal second quarter 2026 reached $5.1 million, up from $2.7 million in the prior-year quarter [8] - Net income totaled $6.8 million, driven by operational growth and non-cash fair value adjustments [8] - Total assets increased to $77.6 million, compared to $60.9 million as of June 30, 2025 [9] Operational Highlights - The revenue growth was primarily driven by increased commission activity and expanded services, reflecting higher client engagement [6][8] - Expenses rose in line with revenue growth, attributed to higher variable compensation and costs associated with expanded services [7] Strategic Initiatives - AtlasClear continued to expand its correspondent clearing relationships and ancillary clearing offerings during the quarter [11] - The company is in the process of acquiring Commercial Bancorp of Wyoming, pending regulatory approvals [11]

Core Insights - AtlasClear Holdings, Inc. reported an 84% year-over-year revenue increase, reaching $5.1 million compared to $2.7 million in the prior-year quarter, indicating strong operational momentum [6][2] - The company achieved positive stockholders' equity of $21.7 million, an improvement of approximately $60 million since fiscal year-end 2024, reflecting disciplined capital actions and operational progress [6][2] - Liquidity was strengthened with total cash and restricted cash amounting to $46.2 million, enhancing financial flexibility [6][11] Financial Performance - Net income for the quarter totaled $6.8 million, primarily driven by operating growth and non-cash fair value adjustments [6] - Revenue growth was primarily driven by increased commission activity, expanded stock locate and fully paid lending services, and Wilson-Davis serving as a selling agent in at-the-market offerings [3][6] - Expenses increased in line with revenue growth, reflecting higher variable compensation, clearing and data processing costs, and stock-based compensation related to new executive employment agreements [4] Liquidity and Capital Resources - The company completed a $20 million financing during the quarter, consisting of a $10 million secured convertible note and a $10 million equity unit offering, which management believes provides sufficient liquidity for at least the next twelve months [7] - Wilson-Davis & Co., Inc. ended the quarter with net capital of $14.7 million, exceeding regulatory requirements by $14.4 million [6] Strategic Progress - AtlasClear continued to expand correspondent clearing relationships, stock loan and margin-related services, and ancillary clearing offerings during the quarter [8] - The development of the AtlasClear technology platform is ongoing, alongside progress toward the proposed acquisition of Commercial Bancorp of Wyoming, subject to regulatory approvals [8]

Core Viewpoint - AtlasClear Holdings has entered into a definitive Share Purchase Agreement to acquire 100% of Commercial Bancorp, the parent company of Farmers State Bank, which is a profitable Federal Reserve member bank [3][4]. Group 1: Transaction Details - The acquisition will be predominantly equity-based, with approximately 73% of the total sale consideration paid in AtlasClear common stock, aligning with the company's long-term growth strategy [4]. - The transaction is expected to streamline regulatory processes, preserve cash, and align incentives through equity ownership, ultimately leading to full ownership of a profitable bank [5][6]. - The acquisition will provide AtlasClear with access to a regulated banking infrastructure, including deposit capabilities, payment rails, and lending functionality, supporting its long-term strategy [6]. Group 2: Regulatory and Closing Conditions - Completion of the acquisition is subject to customary closing conditions, including regulatory approvals from the Federal Reserve Board and the Wyoming Division of Banking [7]. - Additional details regarding the transaction will be included in the Company's Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission [7]. Group 3: Company Overview - AtlasClear Holdings is focused on building a modern, technology-enabled financial services platform aimed at modernizing trading, clearing, settlement, and banking for emerging financial institutions and fintechs [8]. - The company aims to deliver a vertically integrated suite of brokerage, clearing, risk management, regulatory, and commercial banking solutions through its subsidiary and the acquisition of Commercial Bancorp [8].

Core Viewpoint - AtlasClear Holdings, Inc. has launched "Clearing the View," an investor communications series aimed at enhancing transparency and engagement with shareholders and the investment community [1][2]. Group 1: Company Initiatives - "Clearing the View" will provide multi-format content including video interviews, webinars, blogs, and podcasts, focusing on company updates and market trends [2]. - The inaugural episode features discussions on operational progress, resolution of legacy challenges, and the integration of digital asset infrastructure into AtlasClear's strategy [3]. Group 2: Leadership Insights - John Schaible, Executive Chairman, emphasized the importance of transparency and consistent communication in building trust with shareholders [4]. - Craig Ridenhour, President, noted that the series allows for engagement beyond traditional reporting cycles, discussing both company-specific developments and broader industry trends [4]. Group 3: Future Content Plans - Future episodes of "Clearing the View" will delve into additional areas of financial infrastructure and market developments, with content accessible through AtlasClear's investor relations channels [4]. Group 4: Company Overview - AtlasClear is a technology-enabled financial services platform focused on modernizing trading, clearing, settlement, and banking for emerging financial institutions and fintechs [5]. - The company operates through its subsidiary Wilson-Davis & Co., Inc. and is in the process of acquiring Commercial Bancorp of Wyoming to enhance its service offerings [5].