Fri, Aug 2, 12:54 PM (227 days ago)
AtlasClear Holdings, Inc. has entered into an at-the-market (ATM) agreement with Tau Investment Partners LLC, effective July 31, 2024. Under this agreement, AtlasClear can direct Tau to purchase up to $10 million worth of its common stock over a 24-month period. Individual advances can be up to the greater of 100,000 shares or 50% of the average daily trading volume over the past 30 days, subject to the $10 million limit. The purchase price will be 97% of the lowest volume-weighted average price over three consecutive trading days following an advance notice. Tau's obligation to purchase shares is contingent on certain conditions, including the effectiveness of a registration statement. AtlasClear has agreed to file a registration statement for the resale of at least 10 million shares. This transaction will be exempt from registration under the Securities Act of 1933. The full text of the agreement is attached to the Form 8-K as Exhibit 10.1.