Quantum FinTech Acquisition Corporation Stockholders Approve Business Combination With AtlasClear

Quantum FinTech Acquisition Corporation ("Quantum") (NYSE:QFTA), a special purpose acquisition company, announced today that its stockholders have approved the proposed business combination (the "Business Combination") with AtlasClear, Inc. ("AtlasClear"), at a special meeting of Quantum stockholders that was held on Friday, November 3, 2023.

Each of the proposals presented at the special meeting was approved, and the Business Combination is expected to be consummated as soon as practicable following the satisfaction or waiver of the remaining closing conditions described in the proxy statement for the special meeting, including the condition that the common stock of Calculator New Pubco, Inc. ("New Pubco") will have been approved for listing on the NYSE American. Following the closing of the Business Combination, the common stock of New Pubco is expected to begin trading on the NYSE American under the symbol "ATCH".

In connection with the Meeting, stockholders holding 4,953,369 shares out of a possible 5,050,384 shares of Quantum's common stock (the "Public Shares") exercised their right to redeem their shares for a pro rata portion of the funds in Quantum's trust account (the "Trust Account"). The trustee of the Trust Account is calculating the final amount of the funds to be removed from the Trust Account in connection with such redemptions, but the current preliminary calculations are that approximately $53.1 million (approximately $10.73 per Public Share) will be removed from the Trust Account to pay such holders.