09:41 AM EDT, 10/09/2025 (MT Newswires) -- AtlasClear ( ATCH ) said Thursday it has signed definitive agreements for a $20 million financing.

The company said Funicular Funds has led a reinvestment into AtlasClear ( ATCH ) as part of the $20 million financing, which includes the rollover of $4.25 million of a recent debt financing and participation from Sixth Borough Capital.

After the rollover, the financing will generate gross proceeds to AtlasClear ( ATCH ) of $15.75 million, before placement agent fees and other deal expenses, the company said.

AtlasClear ( ATCH ) said $10 million will be invested via convertible debt with a five-year term at an 11% coupon and a conversion price of $0.75, and an additional $10 million, inclusive of the $4.25 million converted from the debt financing, will be invested in the form of units sold at $0.60 per unit, comprising one share and one warrant with a strike price of $0.75.

AtlasClear ( ATCH ) shares were up 30% in recent trading.

Price: 0.46, Change: +0.10, Percent Change: +27.93