AtlasClear Announces Extension Of Business Combination Agreement With Quantum FinTech Acquisition Corporation And The Restructuring Of Its Proposed Acquisition Of Wilson-Davis & Co, Inc.; Expected To Trade On The NYSE American Under Ticker Symbol "ATCH"
Portfolio Pulse from Benzinga Newsdesk
AtlasClear, Inc. has extended its business combination agreement with Quantum FinTech Acquisition Corporation (QFTA) and restructured its proposed acquisition of Wilson-Davis & Co., Inc. The combined company, AtlasClear Holdings, Inc., is expected to trade on the NYSE American under the ticker symbol 'ATCH' after the closing of the business combination. AtlasClear also plans to acquire Commercial Bancorp of Wyoming and technology assets from Pacsquare Technologies, LLC, aiming to enhance its FinTech platform.
January 10, 2024 | 1:33 pm
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Quantum FinTech Acquisition Corporation's stockholders approved the business combination with AtlasClear, which is expected to result in AtlasClear Holdings, Inc. trading under the ticker 'ATCH'.
The approval of the business combination by Quantum's stockholders and the planned listing of the new entity under 'ATCH' could lead to increased investor interest and potential stock price appreciation in the short term.
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