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Stock impact report

AtlasClear Holdings, Inc. Announces First Quarter 2024 Financial Results

AtlasClear Holdings, Inc. (ATCH) 
Company Research Source: Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--AtlasClear Holdings, Inc. (“AtlasClear Holdings” or “AtlasClear”) (NYSE American: ATCH) announced that their financial results for the first quarter ended March 31, 2024, have been released.“I am pleased to report that our subsidiary, Wilson-Davis, delivered solid first quarter results highlighted, on a proforma basis (reflecting Wilson-Davis’ results on a stand-alone basis), by a 27.9% increase in commissions and clearing revenue. Our results today reflect our unique brokerage model that brings a one-stop technology and financing solution to fill the gap in the capital markets where smaller institutions, broker-dealers and asset managers have been at a disadvantage,” said Craig Ridenhour, President of AtlasClear. “We expect to continue to grow both organically and through further acquisitions, as well as by expanding the balance sheet for the clearing firm.”On February 9, 2024, we closed our previously announced business combination. In connection wi Show less Read more
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