TAMPA, Fla.–(BUSINESS WIRE)–AtlasClear, Inc. (“AtlasClear”) and Quantum FinTech Acquisition Corporation (“Quantum”) (NYSE: QFTA), a publicly-traded special purpose acquisition company, today announced that they have agreed to waive the $40 million minimum cash condition required to be satisfied at the closing of the previously announced business combination.
“We believe in the future of AtlasClear and in the strength of the proposed business combination,” said Craig Ridenhour, Chief Business Development Officer of AtlasClear. “This mutual decision improves the certainty of the merger closing and is reflective of our confidence in the long-term growth potential of the business.”
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 & Co., Inc., a correspondent clearing br
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