AtlasClear Holdings Provides Financing Update; Total Investment Remains $45M; Initial Investment Tranche $20M; Second Investment Tranche Now $25M
Benzinga Newsdesk 1 year ago
NewsFinancing
The total investment remains $45,000,000.The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.The initial investment tranche will nowThe total investment remains $45,000,000.The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to com
The total investment remains $45,000,000.The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.The initial investment tranche will now
- The total investment remains $45,000,000.
- The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.
- The initial investment tranche will now be $20,000,000, up from the original initial investment tranche of $10,000,000.
- The second investment tranche will now be $25,000,000.
- Hanire will be purchasing 19.9% of the Company in equity with the remaining balance in convertible notes structured as previously agreed upon and available in prior SEC filings.
- Hanire will receive two (2) board seats for their investment with minimum equity ownership thresholds to maintain those seats.