Core Insights - AtlasClear Holdings, Inc. (NYSEAmerican: ATCH) experienced a significant stock price increase of 23.15%, closing at $0.8251, following the announcement of Steven Carlson's return to the board of directors [1][3]. Group 1: Board Changes - Steven Carlson has returned to the board of AtlasClear effective September 24, after stepping down for personal reasons a year prior [2]. - Carlson replaces Sandip Patel, who transitioned from an independent director to the role of chief finance officer and general counsel [2]. - Executive Chairman John Schaible expressed excitement about Carlson's return, highlighting the loss of talent when he previously stepped down [3][4]. Group 2: Leadership Experience - Carlson's extensive experience includes being a co-founder of Marco Polo Exchange, CEO of MPS, former President of StoneX's securities business, and Head of the global Emerging Markets business at Lehman Brothers [4]. - His prior service as a board member of both the SPAC and ATCH made him a preferred choice for the board's independent members [4]. Group 3: Financial Developments - AtlasClear successfully raised $2.4 million through a private placement of convertible promissory notes [5].
AtlasClear (ATCH) Soars 23% as Wall Street Veteran Returns to Board