Quantum FinTech Acquisition Corporation Stockholders Approve Business Combination With AtlasClear
Portfolio Pulse from Benzinga Newsdesk
Quantum FinTech Acquisition Corporation (QFTA) stockholders have approved the proposed business combination with AtlasClear, Inc. The business combination is expected to be completed soon, with the common stock of Calculator New Pubco, Inc. (New Pubco) to be listed on the NYSE American under the symbol 'ATCH'. Stockholders holding 4,953,369 shares of Quantum's common stock exercised their right to redeem their shares for a pro rata portion of the funds in Quantum's trust account, removing approximately $53.1 million from the Trust Account.
November 06, 2023 | 1:31 pm
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Quantum's stockholders approved a business combination with AtlasClear. This could lead to a change in Quantum's stock price as stockholders have redeemed their shares, removing $53.1 million from the Trust Account.
The approval of the business combination could lead to a change in Quantum's stock price. The redemption of shares by stockholders, which removes a significant amount from the Trust Account, could also impact the stock price. However, the exact direction of the impact is uncertain.
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