AtlasClear Holdings Expands Correspondent Clearing Business with Eighth Broker-Dealer Agreement

Newly signed correspondent agreements had not yet contributed material revenue to fiscal 2026 results.

Rhea-AI Summary

AtlasClear Holdings (NYSE American: ATCH) signed its eighth correspondent broker-dealer agreement through AtlasClearing, expanding its network from a single correspondent relationship. The company expects onboarding to bring additional accounts, assets and trading activity, supporting clearing fees, stock loan revenue and interest income.

Fiscal 2026 revenue rose 85% to $20.1 million. Stock locate revenue increased to approximately $6.8 million from $0.3 million in the prior year; sources other than commissions represented approximately 54% of revenue. Interest income, reported in other income, was approximately $1.8 million. Newly signed agreements had not completed onboarding and contributed no material revenue to those results. AtlasClearing ended fiscal 2026 with approximately $14.4 million in net capital, up 29% year over year. Earlier infrastructure investments shortened onboarding timelines and increased capacity for simultaneous integrations.

8 points · 0 major

PositiveiHow this balance works

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointCorrespondent network expanded from one relationship to eight signed agreements through AtlasClearing.
• Moderate pointFiscal 2026 total revenue increased 85% to $20.1 million.
• Moderate pointFiscal 2026 stock locate revenue rose to approximately $6.8 million from $0.3 million the prior year.
• Moderate pointFiscal 2026 interest income totaled approximately $1.8 million, reported in other income.
• Moderate pointAtlasClearing fiscal 2026 net capital increased 29% year over year to approximately $14.4 million.

3 minor points

• Minor point. Forward-looking: it has not happened yet and may not happen.Correspondent onboarding is expected to support growth in clearing fees, stock loan revenue and interest income.
• Minor pointEarlier infrastructure investments shortened onboarding timelines and increased simultaneous integration capacity, supported by additional operations personnel.
• Minor pointAdditional broker-dealer discussions are ongoing as AtlasClear seeks further correspondent network expansion.

Negative

• Minor pointNewly signed correspondents had not completed onboarding or contributed material revenue to fiscal 2026 results.

Key Figures

Signed correspondent agreements: 8 Total revenue: $20.1 million; increased 85% Stock locate revenue: $6.8 million from $0.3 million +3 more

Signed correspondent agreements

8

Network total after the newly announced agreement

Total revenue

$20.1 million; increased 85%

Fiscal 2026

Stock locate revenue

$6.8 million from $0.3 million

Fiscal 2026 versus prior year

Revenue sources other than commissions

Approximately 54% of total revenue

Fiscal 2026

Interest income

Approximately $1.8 million

Fiscal 2026; reported in other income

Net capital

Approximately $14.4 million; increased 29%

At fiscal 2026 year-end; year over year

Historical Context

1 past event · Latest: Oct 20

1 event

1. Oct 20

   Correspondent agreement

   24h Move

   +0.2%

   Seventh correspondent agreement expanded network; new firms had not completed onboarding or contributed revenue.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

correspondent clearing, broker-dealer, margin balances, securities lending

4 terms

correspondent clearing financial

"expand its correspondent clearing business and build scale"

Correspondent clearing is a service where a larger brokerage firm handles back-office tasks—trade settlement, custody, record-keeping, and regulatory reporting—for a smaller or independent broker-dealer. Think of it as a full-service partner that processes paperwork and moves money on behalf of the smaller broker so that customers can trade without the smaller firm needing its own complex infrastructure. Investors should care because correspondent clearing affects trade speed, account safety and which protections and fees apply to their investments.

broker-dealer regulatory

"its eighth correspondent broker-dealer agreement"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

margin balances financial

"interest income generated from margin balances"

The amount of money a brokerage customer has borrowed from their broker to buy securities or meet margin requirements; it is the outstanding principal of margin loans backed by the securities and cash in the customer's margin account. Margin balances are secured by the account's holdings, accrue interest, and can trigger margin calls or forced sales if the account's equity falls below the broker's required maintenance level.

securities lending financial

"customer cash and securities lending"

Securities lending is when an owner of stocks or bonds temporarily loans them to another party, usually so the borrower can sell them short or meet settlement needs; the lender receives a fee and typically some form of security in return. Investors should care because lending can generate extra income on holdings and affects market liquidity and short-selling activity, much like renting out a spare room brings income while someone else uses the space.

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Correspondent Network Grows to Eight Signed Agreements, Demonstrating Continued Demand for AtlasClear's Clearing Platform 

Growing Correspondent Network Expected to Drive Additional Clearing Revenue, Stock Loan Income and Interest Income as Onboarding Progresses

TAMPA, Fla., Nov. 02, 2026 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (NYSE American: ATCH) (“AtlasClear” or the “Company”), a company building regulated financial infrastructure for smaller institutions, fintechs and advisors, today announced the execution of its eighth correspondent broker-dealer agreement through AtlasClearing, Inc. (formerly Wilson-Davis & Co., Inc.) (“AtlasClearing”), the Company's wholly owned correspondent clearing subsidiary.

The new agreement represents another milestone in AtlasClear's strategy to expand its correspondent clearing business and build scale on its existing infrastructure. AtlasClearing has now grown from a single correspondent relationship to eight signed agreements, reflecting growing demand for a clearing partner built around smaller broker-dealers.

As previously signed correspondents complete onboarding and begin clearing through AtlasClearing, the Company expects additional customer accounts, assets and trading activity to support growth in clearing fees, stock loan revenue and interest income generated from margin balances, customer cash and securities lending.

The expansion builds upon AtlasClear's strong fiscal 2026 financial performance, during which total revenue increased 85% to $20.1 million. Stock locate revenue increased significantly to approximately $6.8 million from $0.3 million in the prior year, while revenue sources other than commissions represented approximately 54% of total revenue. The Company also generated approximately $1.8 million in interest income, reported in other income. These results did not yet reflect material revenue contributions from the Company's newly signed correspondent agreements, which had not completed onboarding.

AtlasClear believes its expanding correspondent network creates meaningful opportunities for operating leverage as additional firms are integrated into its established clearing infrastructure. AtlasClearing ended fiscal 2026 with approximately $14.4 million in net capital, representing a 29% increase year over year, providing a foundation to support additional correspondent relationships. Infrastructure investments made during earlier integrations have shortened onboarding timelines and increased the platform's capacity to onboard multiple correspondents at the same time, supported by additional operations personnel.

According to FINRA's 2026 Industry Snapshot, only 25 member firms identified correspondent clearing as their primary business, highlighting the specialized nature of the industry and the barriers to entry.

John Schaible, Executive Chairman of AtlasClear Holdings, stated: “Reaching eight signed agreements tells us that smaller broker-dealers want a clearing partner built around their business, and that demand is turning into executed contracts. Correspondent clearing is the foundation of the platform we are building at AtlasClear. The operating leverage it creates supports our pending acquisition of Ark Financial Services, our planned acquisition of Commercial Bancorp of Wyoming and our broader banking strategy, and we believe each new correspondent strengthens the long-term value of that platform for our shareholders.”

Craig Ridenhour, President of AtlasClear Holdings and Chairman of AtlasClearing, Inc., commented: “A broker-dealer that moves its clearing relationship is placing real trust in us, and we earn that trust through the quality of every conversion. Our team continues to enhance and streamline the onboarding process, enabling us to support multiple correspondent integrations while maintaining the service and operational standards our clients expect. As these relationships become operational, we anticipate increasing customer assets and trading activity to support our stock loan and interest income businesses.”

AtlasClear continues to advance discussions with additional broker-dealers as it seeks to further expand its correspondent clearing network. The Company believes that the continued growth of this business, together with its broader strategic initiatives, positions AtlasClear to develop a differentiated, vertically integrated financial services platform.

About AtlasClear Holdings, Inc.

AtlasClear Holdings, Inc. (NYSE American: ATCH) is building a technology-enabled financial services platform designed for trading, clearing, settlement, and banking for emerging financial institutions and fintechs. Through its wholly owned subsidiary AtlasClearing, Inc. (formerly Wilson-Davis & Co., Inc.), a full-service correspondent broker-dealer registered with the SEC and FINRA, its pending acquisition of Ark Financial Services, Inc., and its planned acquisition of Commercial Bancorp of Wyoming, AtlasClear Holdings seeks to deliver a vertically integrated suite of investment banking, 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 may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “should,” “will,” “would,” and similar expressions.

These statements include, but are not limited to, expectations regarding the onboarding and conversion of newly signed correspondent broker-dealers, the timing and amount of potential revenue contributions, expansion of the Company's clearing, stock locate, stock loan, securities lending and margin businesses, operating efficiencies, anticipated benefits of strategic initiatives and proposed acquisitions, including the pending acquisition of Ark Financial Services, Inc., the planned acquisition of Commercial Bancorp of Wyoming and the proposed acquisition of an institutional digital asset business, and future financial performance.

Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the Company's control. Actual results could differ materially from those anticipated due to factors including the risk that a definitive agreement for the proposed acquisition of an institutional digital asset business, which is the subject of a non-binding letter of intent (other than certain customary provisions), is not executed, the risk that proposed acquisitions are not completed on the anticipated terms or at all, including the risk that the Ark Financial Services transaction does not receive FINRA approval or stockholder approval or satisfy other closing conditions, the failure to obtain required regulatory approvals, including for the acquisition of Commercial Bancorp of Wyoming, difficulties integrating acquired businesses or realizing their anticipated benefits, dilution from the issuance of AtlasClear common stock, delays in onboarding correspondent broker-dealers, failure of correspondent relationships to generate anticipated revenue, termination of clearing agreements, changes in economic or political conditions or applicable laws, changes in trading activity and market conditions, regulatory developments, challenges in executing the Company's business strategy, and other risks described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2026.

AtlasClear 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many correspondent broker-dealer agreements has AtlasClear signed?

AtlasClear has signed eight correspondent broker-dealer agreements through its wholly owned subsidiary AtlasClearing. The network has expanded from a single correspondent relationship.

Have AtlasClear's newly signed correspondent agreements generated material revenue?

The newly signed correspondent agreements had not contributed material revenue to fiscal 2026 results because onboarding was not complete. AtlasClear expects additional accounts, assets and trading activity as correspondents begin clearing through AtlasClearing.