Shares of Atlasclear Holdings Inc (AMEX:ATCH) surged by 50% after the company announced a $500,000 debenture investment from Sixth Borough Capital LP, a firm led by Dawson James CEO Robert D. Keyser, Jr.
This infusion aligns with Atlasclear’s growth strategy, focused on boosting revenues through expanding broker relationships, ramping up retail operations, and enhancing investment banking activities. Alongside a planned financing from Hanire LLC, Atlasclear anticipates accelerating its growth plans.
As part of the deal, Keyser has joined the company’s advisory board and will be nominated to its board of directors. Company leaders expressed optimism about the partnership’s strategic advantages.
“We are excited about our partnership with Sixth Borough Capital LLC. and we feel fortunate to add someone of Bob’s caliber to our Board,” said President Craig Ridenhour, emphasizing Keyser’s role in exploring synergies between Atlasclear’s clearing business and Dawson James, as well as contributing to investment banking, overall strategy, and crypto initiatives.
Executive Chairman John Schaible noted that the investment strongly supports the company’s stated expansion goals. Meanwhile, Keyser shared his enthusiasm: “I look forward to working with the Board of AtlasClear to help maximize the opportunities available to the Company. We think the Company is undervalued and it has a deeply experienced Board. We will work together to enhance value to the Shareholders going forward.”
Atlasclear Holdings stock price
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