AtlasClear Holdings Enters into New Share Purchase Agreement to Acquire Commercial Bancorp, Parent of Farmers State Bank
Rhea-AI Summary
AtlasClear (NYSE: ATCH) entered a definitive Share Purchase Agreement to acquire 100% of Commercial Bancorp, parent of Farmers State Bank, for consideration that is ~73% AtlasClear common stock and the remainder in cash. Upon closing Farmers State Bank will be fully consolidated and wholly owned.
The deal adds a profitable, well-capitalized Federal Reserve member bank and regulated banking infrastructure but remains subject to Federal Reserve and Wyoming Division of Banking approvals and effectiveness of a resale registration statement.
Positive
- 100% acquisition of Commercial Bancorp provides full ownership of Farmers State Bank
- Sellers to receive approximately 73% of consideration in AtlasClear common stock, aligning interests
- Acquires regulated banking infrastructure: deposit capabilities, payment rails, and lending functionality
- Target described as profitable, well-capitalized Federal Reserve member bank
Negative
- Transaction closing contingent on Federal Reserve and Wyoming Division of Banking approvals
- Issuance of transaction shares requires effectiveness of a resale registration statement
- Approximately 73% equity-based consideration may materially dilute existing AtlasClear shareholders
News Market Reaction
On the day this news was published, ATCH declined 5.99%, reflecting a notable negative market reaction. Argus tracked a peak move of +12.0% during that session. Argus tracked a trough of -14.2% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $37M at that time. Trading volume was very high at 3.0x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ATCH is up 2.94% while key peers show mixed moves: CETX -3.9%, TAOP -10.67%, OLB -13.28%, RVYL 0%, BNAI +8.19%. The price action appears stock-specific rather than sector-driven.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Technology asset acquisition | Positive | -13.6% | Purchase of technology assets from Pacsquare Technologies to enhance platform. |
| Feb 12 | Business combination closing | Positive | +3993.6% | Closing of Quantum FinTech business combination and Wilson-Davis acquisition. |
Acquisition headlines have produced highly volatile and inconsistent reactions, with one event up 3993.57% and another down 13.64%.
Over recent acquisition-related milestones, AtlasClear used M&A to reshape its platform. In Feb 2024, closing the Quantum FinTech business combination and Wilson-Davis acquisition coincided with a 3993.57% move. Later that month, acquiring Pacsquare technology assets saw a -13.64% reaction. The new agreement to acquire 100% of Commercial Bancorp and Farmers State Bank continues this strategy of combining brokerage, technology, and now banking infrastructure under one platform.
Historical Comparison
In the past 12 months, ATCH logged 2 acquisition headlines with an average 1989.97% next-day move, highlighting that deal news has historically driven extreme and inconsistent reactions.
Past deals focused on brokerage and technology assets; today’s SPA extends that progression into owning a profitable Federal Reserve member bank and integrating regulated banking infrastructure.
Market Pulse Summary
The stock moved -6.0% in the session following this news. A negative reaction despite the bank acquisition would fit AtlasClear’s uneven history around deals, which saw moves of -13.64% and 3993.57% on prior acquisition headlines. Investors may focus on equity-heavy consideration, integration complexity, or regulatory closing risks. While the transaction targets 100% ownership of a profitable Federal Reserve member bank, past volatility around financings and deal structures suggests sentiment can reverse quickly if concerns resurface.
Key Terms
federal reserve member bank regulatory
resale registration statement regulatory
form 8-k regulatory
AI-generated analysis. Not financial advice.
Transaction Provides
TAMPA, Fla., Feb. 10, 2026 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear” or the “Company”), a financial technology holding company focused on building a modern, regulated financial services platform, today announced that it has entered into a definitive Share Purchase Agreement (“SPA”), replacing the previous merger agreement, to acquire all of the outstanding shares of Commercial Bancorp, a Wyoming corporation and the parent company of Farmers State Bank, a profitable, well-capitalized Federal Reserve member bank.
Under the terms of the SPA, AtlasClear will acquire
“This updated structure reflects where AtlasClear is today as a public company,” said John Schaible, Executive Chairman of AtlasClear. “The share purchase agreement streamlines the transaction for regulators, preserves cash, aligns incentives through equity ownership, and delivers full ownership of a profitable Federal Reserve member bank that we expect to be accretive and strategically transformative for AtlasClear.”
Craig Ridenhour, President of AtlasClear, added, “As we move forward with our regulatory filings, we believed it was important to modernize the transaction structure. The direct SPA cleans up the original pre-de-SPAC agreement, aligns all interests, and provides a clear path to
The acquisition is expected to provide AtlasClear with access to a regulated banking infrastructure, including deposit capabilities, payment rails, and lending functionality, supporting the Company’s long-term strategy to build an integrated clearing, banking, and financial infrastructure platform.
Completion of the acquisition remains subject to customary closing conditions, including receipt of required regulatory approvals from the Federal Reserve Board and the Wyoming Division of Banking, as well as the effectiveness of a resale registration statement covering the shares to be issued in the transaction.
Additional details regarding the transaction will be included in the Company’s Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.
About AtlasClear Holdings, Inc.
AtlasClear Holdings, Inc. (NYSE American: ATCH) is building a cutting-edge, technology-enabled financial services platform designed to modernize trading, clearing, settlement, and banking for emerging financial institutions and fintechs. Through its subsidiary Wilson-Davis & Co., Inc., a full-service correspondent broker-dealer registered with the SEC and FINRA, and its pending acquisition of Commercial Bancorp of Wyoming, AtlasClear seeks to deliver a vertically integrated suite of brokerage, clearing, risk management, regulatory, and commercial banking solutions. For more information, follow us on LinkedIn or X and visit www.atlasclear.com.
To stay up to date on AtlasClear’s platform strategy and market perspective, subscribe to the Company’s YouTube channel and watch the Clearing the View by AtlasClear video series.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings’ current views with respect to, among other things, its future operations and financial performance. Forward-looking statements in this communication may be identified by the use of words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "foreseeable," "future," "intend," "may," "outlook," "plan," "potential," "proposed," "predict," "project," "seek," "should," "target," "trends," "will," "would" and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the closing of the Company’s planned acquisition of Commercial Bancorp, including the ability to obtain required regulatory approvals, (ii) the Company’s expectations regarding planned future growth and financial results, (iii) AtlasClear Holdings’ expectations regarding future financings, (iv) AtlasClear Holdings’ expectations as to future operational results, (v) AtlasClear Holdings’ anticipated growth strategy, including its planned acquisition of Commercial Bancorp of Wyoming, and (vi) the financial technology of AtlasClear Holdings. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company’s control. Actual results may differ materially from those anticipated. For additional details regarding risks and uncertainties, please refer to AtlasClear Holdings’ filings with the SEC, including its Form 10-Q for the quarter ended September 30, 2025, and its Annual Report on Form 10-K filed September 29, 2025. AtlasClear Holdings undertakes no obligation to update or revise forward-looking statements, except as required by law.
Company Contact:
AtlasClear Holdings, Inc.
Email: AtlasClearIR@atlasclear.com
Investor Relations Contact:
Jeff Ramson, CEO
PCG Advisory, Inc.
Email: jramson@pcgadvisory.com
FAQ
What did AtlasClear (ATCH) announce on February 10, 2026 regarding Farmers State Bank?
How much of the purchase consideration for Commercial Bancorp will be paid in AtlasClear stock (ATCH)?
What regulatory approvals does AtlasClear need to close the ATCH acquisition of Farmers State Bank?
What strategic benefits does the ATCH acquisition of Farmers State Bank provide to AtlasClear?
Will Farmers State Bank be fully owned by AtlasClear after the transaction closes?
