AtlasClear Holdings, Inc. and Dawson James Announce Investment Partnership
鈥淭he Company is excited to announce its investment partnership with Sixth Borough,鈥� said John Schaible, Executive Chairman. 鈥淥ur publicly stated goals include enhancing revenues through Introducing Broker relationships, increased retail, and investment banking. This investment from Sixth Borough supports those goals in every way and when combined with the anticipated upcoming financing from Hanire LLC, the Company will be positioned to accelerate growth.鈥�
In addition to the investment, the CEO of Dawson James, Robert D. Keyser, Jr., has been appointed to an Advisory Board Role and will be promptly nominated to the Board. 鈥淲e are excited about our partnership with Sixth Borough Capital LLC. and we feel fortunate to add someone of Bob鈥檚 caliber to our Board,鈥� said Company President Craig Ridenhour. 鈥淢r. Keyser will help the Company鈥檚 efforts to explore synergies between our clearing company and Dawson James, investment banking, general strategy, and especially crypto strategy.鈥�
鈥淚 look forward to working with the Board of AtlasClear to help maximize the opportunities available to the Company,鈥� commented Mr. Keyser. 鈥淲e think the Company is undervalued and it has a deeply experienced Board. We will work together to enhance value to the Shareholders going forward.鈥�
About AtlasClear Holdings, Inc.
AtlasClear Holdings plans to build a cutting-edge 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. The strategic goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans that have founded and led other companies in the industry including Legent Clearing, Cor Clearing, Axos Clearing, NexTrade, Symbiont, and Anderen Bank.
About
About Commercial Bancorp of
Commercial Bancorp is a bank holding company operating through its wholly-owned subsidiary, Farmers State Bank (鈥淔SB鈥�) and has been servicing the local community in
About Sixth Borough Capital Management LLC.
Sixth Borough Capital Management, LLC (鈥淪ixth Borough鈥�), is a multi-stage, event-driven, alternative investment manager. We utilize a fundamental and value-oriented approach to investing, primarily focused on small and mid-cap private and public equities. Our mandate is unconstrained and fully opportunistic, allowing great latitude in our investment universe - spanning multiple sectors, stages of development, and geographies. We pride ourselves on contrarian thought, high levels of conviction, and an enduring investment process bound by exceptional levels of discipline and risk management. We are committed to building a steadfast business rooted in integrity, strong values, and high ethical standards.
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings鈥� current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "foreseeable," "future," "intend," "may," "outlook," "plan," "potential," "proposed," "predict," "project," "seek," "should," "target," "trends," "will," "would" and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the closing of all or any portion of the investment from Hanire, (ii) AtlasClear Holdings鈥� expectations regarding the benefits of the investment from Hanire, including its ability to allow AtlasClear Holdings to accomplish a number of its strategic goals, achieve profitability, deliver the capital needed for its proposed bank acquisition upon approval, solidify its capital foundation, reduce potential dilution, and position the Company to maximize long-term stockholder value, (iii) AtlasClear Holdings鈥� expectations as to future operational results, (v) AtlasClear Holdings鈥� anticipated growth strategy, including expected acquisitions, and (v) the financial technology of AtlasClear Holdings.
The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.
Such factors include, but are not limited to: any failure by Hanire to deliver the tranches of capital on the anticipated schedule, or at all; any failure by the Company to meet the milestones required to receive the tranches of capital on a timely basis, or at all; failure of the Company to realize the anticipated benefits of the investment of capital, such as achieving profitability, delivering the capital needed for its proposed bank acquisition upon approval, solidifying its capital foundation, reducing potential dilution, and positioning the Company to maximize long-term stockholder value; failure by AtlasClear Holdings to satisfy the closing conditions to any of the tranches of capital, including receipt of stockholder approval; AtlasClear鈥檚 inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of
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Source: AtlasClear
