AtlasClear Holdings, Inc 8-K, filed Apr 17, 2024
AtlasClear Holdings, Inc. (ATCH)
About this 8-K
AtlasClear Holdings, Inc filed this 8-K on April 17, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 8.01: Other events
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Item 7.01 Regulation FD Disclosure.
As previously disclosed, on February 9, 2024, AtlasClear Holdings, Inc. (the “Company”) and Chardan Capital Markets, LLC (“Chardan”) entered into a convertible promissory note (the “Chardan Note”) in the aggregate principal amount of $4,150,000 in settlement of the fee payable by Quantum FinTech Acquisition Corporation (“Quantum”) to Chardan upon consummation of the Company’s business combination, pursuant to the business combination marketing agreement entered into in connection with Quantum’s initial public offering. On March 22, 2024, Quantum Ventures LLC (“Quantum LLC”) the primary sponsor for Quantum filed a statement of claim with the Financial Industry Regulatory Authority Dispute Resolution Services against Chardan. In light of the pending arbitration, the Company has determined that it will not register any unregistered shares of the Company’s common stock issuable pursuant to the Chardan Note on any resale registration statement on Form S-1 that the Company files with the SEC until the foregoing matter is resolved.
Item 8.01. Other Events
Pursuant to the terms of the convertible promissory notes (the “Seller Notes”) issued by AtlasClear, Inc. to the sellers of Wilson-Davis & Co. Inc. (the “Sellers”) in connection with the Company’s business combination, the Company directed Continental, pursuant to an instruction letter dated April 8, 2024, to issue an aggregate of 145,210 shares of common stock to the Sellers to cover the first quarterly interest payments on the Seller Notes.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATLASCLEAR HOLDINGS, INC. | |
| Date: April 17, 2024 |
/s/ Robert McBey |
| Name: Robert McBey | |
| Title: Chief Executive Officer |