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Quantum FinTech Acquisition Corporation - $QFTA STOCK NEWS

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Rhea-AI Summary
AtlasClear, Inc. completes its business combination with Quantum FinTech Acquisition Corporation, trading under the ticker symbol ATCH on NYSE American LLC. The company aims to provide technology and financing solutions to small and midsize financial institutions, focusing on acquisitions and growth opportunities.
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Rhea-AI Summary
AtlasClear Holdings, Inc. (ATCH) is set to trade on the NYSE American following the completion of its business combination with Quantum FinTech Acquisition Corporation. The company has also restructured its acquisition of Wilson-Davis & Co., Inc. and entered into a definitive agreement to acquire Commercial Bancorp of Wyoming. The combined company will operate as AtlasClear Holdings, Inc., and its common stock is expected to trade under the ticker symbol 'ATCH'. The company aims to deliver new digital suite of technologies through its proposed transaction with Pacsquare Technologies, LLC, to provide advantages in the delivery of its FinTech platform.
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7.01%
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AtlasClear, Inc. announced a correspondent clearing relationship agreement with Cathay Securities Inc. and Wilson-Davis & Co., as well as the anticipated acquisition of Wilson-Davis and Commercial Bancorp of Wyoming. The business combination with Quantum FinTech Acquisition Corporation is expected to result in the listing of the combined company on the NYSE American under the new ticker symbol, ATCH.
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Rhea-AI Summary
Quantum FinTech Acquisition Corporation's stockholders have approved the proposed business combination with AtlasClear, Inc. The Business Combination is expected to be consummated once the remaining closing conditions are met. Following the closing, the common stock of New Pubco is expected to begin trading on the NYSE American under the symbol 'ATCH'. Stockholders exercising their right to redeem their shares will receive approximately $53.1 million, or $10.73 per Public Share.
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-12.76%
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AtlasClear and Quantum waive $40 million minimum cash condition for business combination
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0.19%
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Rhea-AI Summary
Quantum FinTech recommends stockholders vote 'FOR' all proposals in advance of the Special Meeting on November 3, 2023
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0.05%
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Rhea-AI Summary
Quantum FinTech Acquisition Corporation (NYSE: QFTA) will transfer the listing of its common stock from the New York Stock Exchange to NYSE American LLC. The transfer is expected to be complete on August 2, 2023. Quantum has entered into a definitive business combination agreement that will result in the transfer of trading technology assets to AtlasClear and the acquisition of Wilson Davis & Co., Inc. and Commercial Bancorp of Wyoming.
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-0.19%
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Rhea-AI Summary
Quantum FinTech Acquisition Corporation (NYSE: QFTA) announced the transfer of its common stock to NYSE American and the mandatory unit separation effective August 2, 2023. The common stock will begin trading on NYSE American under the ticker symbol QFTA, while the warrants will continue to trade on the over-the-counter market. This move is part of the company's preparation for a definitive business combination agreement, pending regulatory approvals, which is expected to result in the transfer of trading technology assets and the acquisition of Wilson Davis & Co., Inc. and Commercial Bancorp of Wyoming.
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-0.19%
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Rhea-AI Summary
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Quantum FinTech Acquisition Corporation

NYSE:QFTA

QFTA Rankings

QFTA Stock Data

103.44M
2.74M
0.07%
Shell Companies
Financial Services
Link
United States
Tampa

About QFTA

quantum fintech acquisition corporation (“qfta.u”) is a $200 million blank check company incorporated as a delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. while qfta.u may pursue an initial business combination in any region or sector, we intend to focus our efforts on identifying high-growth financial services and fintech businesses. the management team maintains industry-leading relationships across the fintech landscape and is capable of identifying, analyzing, and determining business quality and the sustainable competitive advantages of a target company.