AtlasClear Holdings Responds to NYSE American Trading Suspension and Delisting Proceedings; Intends to Appeal

Shareholders retain their ownership, voting rights and economic interests despite the trading suspension.

Rhea-AI Summary

AtlasClear Holdings (ATCH) had trading in its common stock suspended immediately by NYSE American, which began delisting proceedings over its low selling price. The company intends to appeal and seek a reverse stock split to support continued listing. Shares remain listed during the appeal but suspended from NYSE American trading; the company expects OTC quotation under ATCH. The exchange will apply to delist only after all applicable procedures, including any appeal, are complete.

Subsidiary AtlasClearing continues ordinary-course clearing operations and remains compliant with regulatory net capital requirements. It has signed eight correspondent broker-dealer agreements, with onboarding continuing. Fiscal 2026 revenue increased 85% to $20.1 million, before material contributions from newly signed correspondents. Cash more than doubled to $15.4 million without an at-the-market offering or equity line.

4 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 2 points

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

Positive

• Moderate pointFiscal 2026 revenue increased 85% to $20.1 million, before material contributions from newly signed correspondents.
• Moderate pointCash more than doubled to $15.4 million without an at-the-market offering or equity line.
• Moderate pointEight correspondent broker-dealer agreements are signed, with onboarding continuing.
• Minor pointAtlasClearing remains compliant with regulatory net capital requirements while ordinary-course clearing operations continue.

Negative

• Major pointNYSE American trading suspended immediately and delisting proceedings commenced because of the stock’s low selling price.
• Minor point. Forward-looking: it has not happened yet and may not happen.Reverse stock split planned as one tool to support the appeal and continued listing.

News Explained

An expected OTC quotation is not assurance of an active market; the suspension and intended reverse split do not change holders’ percentage ownership.

NYSE American has suspended trading in AtlasClear’s common stock and started delisting proceedings over its low selling price; the stock remains listed while AtlasClear intends to appeal, and the suspension does not change the number of shares holders own or their percentage ownership.

AtlasClear also intends to seek a reverse stock split to support the appeal; a reverse split reduces share count and proportionally raises per-share price, while the company says it would not change holders’ percentage ownership.

The company expects OTC quotation under ATCH during the appeal, but says there is no assurance an active OTC trading market will develop.

Key Figures

Fiscal 2026 revenue: $20.1 million; up 85% Cash: $15.4 million Correspondent broker-dealer agreements: 8 agreements

Fiscal 2026 revenue

$20.1 million; up 85%

Before material contributions from newly signed correspondents

Cash

$15.4 million

Fiscal 2026; more than doubled without an at-the-market offering or equity line

Correspondent broker-dealer agreements

8 agreements

Signed; onboarding continues

Key Terms

reverse stock split, at-the-market offering, broker-dealer, form 8-k

4 terms

reverse stock split financial

"intends to seek to effect a reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

at-the-market offering financial

"without the use of an at-the-market offering or equity line"

An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.

broker-dealer regulatory

"eight correspondent broker-dealer agreements"

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.

form 8-k regulatory

"file a Current Report on Form 8-K with the Securities and Exchange Commission"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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-AtlasClearing Remains Compliant with Regulatory Net Capital Requirements as Correspondent Clearing and Onboarding Continue-

-Common Stock Expected to Be Quoted on the OTC Market Under “ATCH” During Appeal-

TAMPA, Fla., Nov. 10, 2026 (GLOBE NEWSWIRE) -- AtlasClear Holdings, Inc. (“AtlasClear” or the “Company”), a company building regulated financial infrastructure for smaller institutions, fintechs and advisors, today announced that on November 10, 2026, it was notified by NYSE American LLC (the “Exchange”) that the Exchange’s staff has suspended trading in the Company’s common stock, effective immediately, and has determined to commence proceedings to delist the common stock. The Exchange cited Section 1003(f)(v) of the NYSE American Company Guide, based on the low selling price of the common stock.

Key Takeaways

• AtlasClearing’s clearing operations continue in the ordinary course, and AtlasClearing remains compliant with its regulatory net capital requirements.
• The Exchange’s determination is based on the low selling price of the common stock, not on the Company’s operations or regulatory capital.
• AtlasClearing has signed eight correspondent broker-dealer agreements, and onboarding continues.
• The Company intends to appeal. During the appeal process, the common stock is expected to be quoted on the OTC market under the symbol “ATCH.”
• Shareholders continue to own their shares; the suspension does not change the number of shares held or shareholders’ percentage ownership.
  

The Company intends to appeal the staff’s determination by requesting a hearing before a Listing Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange, as permitted under Section 1203 of the NYSE American Company Guide. During the appeal process, the common stock will remain suspended from trading on the NYSE American and is expected to be quoted on the OTC market. The common stock remains listed on the NYSE American while the appeal is pending. The Exchange has stated that it will apply to the Securities and Exchange Commission to delist the common stock only upon completion of all applicable procedures, including any appeal by the Company. The Company currently intends to seek to effect a reverse stock split as one tool to support its appeal and continued listing. A reverse stock split would not, by itself, change shareholders’ percentage ownership of the Company.

The Exchange’s determination is based solely on the low selling price of the common stock. It does not relate to AtlasClearing’s regulatory capital compliance, the Company’s financial condition or the status of its correspondent clearing operations.

“Our underlying business remains operational, and our strategic priorities have not changed,” said John Schaible, Executive Chairman of AtlasClear Holdings. “We intend to pursue the appeal process and seek to restore trading on the NYSE American, while continuing to execute on our correspondent clearing strategy. AtlasClearing remains compliant with its regulatory capital requirements, and we believe the progress we are making in expanding our clearing platform is what will ultimately define the business.”

“Our correspondent clearing operations continue in the ordinary course, and our team remains focused on bringing additional firms onto the platform,” said Craig Ridenhour, President of AtlasClear Holdings and Chairman of AtlasClearing, Inc. “We have invested in the infrastructure, regulatory capabilities and personnel needed to support these relationships, and that work continues. On the operating side, our focus is on converting signed correspondent agreements into active clearing relationships and building a stronger, more diversified revenue base.”

Clearing Operations and Growth Strategy Continue

AtlasClear’s wholly owned subsidiary, AtlasClearing, Inc. (formerly Wilson-Davis & Co., Inc.) (“AtlasClearing”), continues to operate its regulated clearing business and remains compliant with applicable net capital requirements. AtlasClearing has signed eight correspondent broker-dealer agreements, and the Company remains focused on expanding its correspondent clearing relationships, onboarding signed broker-dealer clients and developing its integrated financial infrastructure platform.

The Company continues to pursue its strategy of providing clearing and financial infrastructure services to smaller broker-dealers and financial institutions. Management remains focused on translating its growing correspondent network into active clearing activity, recurring revenue opportunities and long-term operating growth.

AtlasClear’s fiscal 2026 revenue increased 85% to $20.1 million, before material contributions from its newly signed correspondents, and cash more than doubled to $15.4 million without the use of an at-the-market offering or equity line.

Trading of Common Stock

The Company’s common stock remains issued and outstanding. During the appeal process, the Company expects its common stock to be quoted on the OTC market operated by OTC Markets Group under the symbol “ATCH.” The Company intends to continue to file reports with the Securities and Exchange Commission and to provide regular updates to shareholders, and holders’ ownership, voting rights and economic interests are unchanged. There can be no assurance that an active trading market will develop on the OTC market or that the appeal will be successful such that trading in the common stock will resume on the NYSE American.

The Company will file a Current Report on Form 8-K with the Securities and Exchange Commission disclosing the Exchange’s notice.

About AtlasClear Holdings, Inc.

AtlasClear Holdings, Inc. 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.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding the Company’s appeal of the Exchange’s determination, a potential reverse stock split, the quotation of its common stock on an over-the-counter market, the continuation of its business operations, the onboarding of correspondent broker-dealers and the Company’s growth strategy. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including the outcome of any review of the Exchange’s determination; the delisting of the common stock and its effect on liquidity, the market price and the Company’s ability to raise capital; the effect of the suspension or delisting on the Company’s agreements, financing arrangements and pending transactions, including the pending acquisitions of Ark Financial Services, Inc. and Commercial Bancorp of Wyoming; delays in onboarding correspondent broker-dealers; and the 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, and subsequent filings. The Company undertakes no obligation to update any forward-looking statement, 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.

Why did NYSE American suspend AtlasClear Holdings stock?

NYSE American suspended trading because of the common stock’s low selling price, citing Section 1003(f)(v) of its Company Guide. The determination does not relate to AtlasClearing’s regulatory capital compliance, AtlasClear’s financial condition or the status of correspondent clearing operations.

What happens to ATCH trading during AtlasClear Holdings’ planned appeal?

ATCH remains suspended from NYSE American trading, while the company expects quotation on the OTC market during the appeal. The stock remains listed on NYSE American pending the appeal. AtlasClear intends to request a hearing before the exchange’s Listing Qualifications Panel.

Does AtlasClear Holdings’ trading suspension change shareholders’ ownership or voting rights?

The suspension leaves shareholders’ ownership, voting rights and economic interests unchanged. Shares remain issued and outstanding, and the suspension does not change the number of shares held or shareholders’ percentage ownership.