AtlasClear Announces Extension Of Business Combination Agreement With Quantum FinTech Acquisition Corporation And The Restructuring Of Its Proposed Acquisition Of Wilson-Davis & Co, Inc.; Expected To Trade On The NYSE American Under Ticker Symbol "ATCH"

Post Closing, AtlasClear Holdings, Inc. Expected to Trade on the NYSE American Under the Ticker Symbol "ATCH"

AtlasClear, Inc. ("AtlasClear") announced today the extension of the agreement to complete its previously announced business combination with Quantum FinTech Acquisition Corporation ("Quantum") (NYSE:QFTA), a publicly-traded special purpose acquisition company, which was approved by Quantum's stockholders on November 3, 2023. Additionally, AtlasClear restructured its proposed acquisition of Wilson-Davis & Co., Inc. ("Wilson-Davis"), to facilitate the closing of that transaction.

In November 2022, Quantum entered into a definitive business combination agreement that is expected to result in Atlas FinTech Holdings Corp. transferring its trading technology assets to AtlasClear and the acquisition by AtlasClear of Wilson-Davis. AtlasClear has also entered into a definitive agreement to acquire Commercial Bancorp of Wyoming, a federal reserve member ("Commercial Bancorp"), following consummation of the business combination.

The combined company will operate as AtlasClear Holdings, Inc., and its common stock is expected to trade on the NYSE American under the ticker symbol "ATCH" following closing of the business combination.

"Post successful closing of the business combination, we look forward to delivering to the FinTech market AtlasClear's new digital suite of technologies through our proposed transaction with Pacsquare Technologies, LLC ("Pacsquare"). As a result of this transaction, we expect to acquire certain technology assets that we believe will provide advantages in delivery of our FinTech platform," said Craig Ridenhour, Chief Business Development Officer of AtlasClear.

"We believe the team behind AtlasClear has been in FinTech innovation for decades," said an executive of Pacsquare. "We believe their story has been resonating in the FinTech community, and we are thrilled to work together following closing of the proposed transaction."

The transaction between AtlasClear and Pacsquare encompasses both client-side and administrative aspects. The objectives of the proposed acquisition are underscored by a commitment to provide seamless technological integration for financial services to the targeted market.