AtlasClear Holdings, Inc. (“AtlasClear Holdings”) (NYSE: ATCH)
today announced that Chief Strategy Officer, John Schaible and
Chief Business Development Officer, Craig Ridenhour, will be
presenting at the LD Micro Conference on Tuesday, April 9, 2024 at
9:00 am ET.
A live webcast of the presentation will be available on the
AtlasClear Investor Relations website at
https://investors.atlasclear.com under the “Events &
Presentations” section and archived for a limited time. If you are
interested in meeting with management at this event, please reach
out to atlasclearir@icrinc.com
About AtlasClear Holdings, Inc.
AtlasClear Holdings, Inc., 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 Penson Clearing,
Southwest Securities, NexTrade and Anderen Bank.
About the Financial Technology
The nature of the combined entity is expected to be supported by
robust, proven, financial technologies with a full suite that will
enable the flow of business and success of the enterprise. The
combined entity is expected to have a full exchange platform for a
spectrum of financial products. In addition, the combined entity is
expected to have a full prime brokerage and, following the
completion of the proposed acquisition of Commercial Bancorp of
Wyoming (“Commercial Bancorp”), a prime banking platform with
complete front-end delivery. The enterprise is anticipated to offer
a fixed income risk management platform which can be expanded to a
diverse application on financial products.
AtlasClear Holdings is expected to be run by a new digital suite
of technologies that became part of the transaction at closing.
About Wilson-Davis & Co., Inc.
Wilson-Davis & Co. Inc. (“Wilson-Davis”) is a full-service
correspondent securities broker-dealer. The company is registered
with the Securities and Exchange Commission (“SEC”), the Financial
Industry Regulatory Authority and the Securities Investor
Protection Organization. In addition, Wilson-Davis is a member of
DTCC as well as the National Securities Clearing Corporation.
Headquartered in Salt Lake City, Utah and Dallas, Texas.
Wilson-Davis has been servicing the investment community since
1968, with satellite offices in California, Arizona, Colorado, New
York, New Jersey and Florida.
About Commercial Bancorp of Wyoming
Commercial Bancorp is a bank holding company operating through
its wholly-owned subsidiary, Farmers State Bank (“FSB”) and has
been servicing the local community in Pine Bluffs, WY since 1915.
It has focused the majority of its services on private and
corporate banking. A member of the Federal Reserve, FSB is expected
to be a strategic asset for AtlasClear Holdings’ long-term business
model.
Cautionary Statements Regarding Forward-Looking
Statements
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended, that reflect AtlasClear Holdings’ 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) AtlasClear’s expectations as to various operational
results, (ii) AtlasClear’s anticipated growth strategy, including
the proposed acquisition of Commercial Bancorp, (iii) anticipated
benefits of the transaction and proposed acquisition and (iv) 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: AtlasClear’s
inability to successfully integrate, and/or realize the anticipated
benefits of, the technology acquired from Pacsquare Technologies
LLC (“Pacsquare”); the risk that AtlasClear’s acquisition of
Commercial Bancorp and its subsidiary bank, FSB, does not close as
a result of the failure to satisfy the conditions to closing such
acquisition (including, without limitation, the receipt of approval
of Commercial Bancorp’s stockholders and receipt of required
regulatory approvals); failure to recognize the anticipated
benefits of the transaction, which may be affected by, among other
things, competition, the ability of AtlasClear Holdings to maintain
relationships with customers and suppliers and strategic alliance
third parties, and to retain its management and key employees;
estimates of AtlasClear Holdings financial performance being
materially incorrect predictions; AtlasClear’s failure to complete
the proposed acquisition on favorable terms to AtlasClear or at
all; AtlasClear Holdings’ inability to integrate, and to realize
the benefits of, the proposed acquisition and previous
acquisitions; AtlasClear Holdings’ inability to realize the
anticipated benefits of the transaction with Pacsquare; changes in
general economic or political conditions; changes in the markets
that AtlasClear Holdings targets; slowdowns in securities or
cryptocurrency trading or shifting demand for trading, clearing and
settling financial products; any change in laws applicable to
AtlasClear Holdings or any regulatory or judicial interpretation
thereof; and other factors, risks and uncertainties, including
those that were included under the heading “Risk Factors” in the
final proxy statement/prospectus filed with the SEC, and those
included under the heading “Risk Factors” in Quantum’s 2022 Form
10-K and its subsequent filings with the SEC. AtlasClear Holdings
cautions that the foregoing list of factors is not exhaustive. Any
forward-looking statement made in this communication speaks only as
of the date hereof. Plans, intentions or expectations disclosed in
forward-looking statements may not be achieved and no one should
place undue reliance on such forward-looking statements. AtlasClear
Holdings does not undertake any obligation to update, revise or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by any applicable securities laws.
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