Exhibit 99.1
SAtlasClear
Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately
$21.9 Million
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Stock
Locate Fees Grow More Than 20-Fold to Approximately $6.8 Million; Commissions Up Approximately 56% |
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Non-Commission
Revenue Lines Now Represent Approximately 54% of Total Revenues, Up From 45% in Fiscal 2025 |
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Second
Consecutive Year of Positive Net Income; Cash More Than Doubles to Approximately $15.4 Million; Stockholders’ Equity of Approximately
$21.1 Million |
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AtlasClearing
Net Capital Up Approximately 28% Year-over-Year to $14.4 Million |
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Six
New Correspondent Broker-Dealers Signed; Revenue from These Relationships Not Yet Reflected in Results |
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Growth
Achieved Without At-the-Market or Equity Line Financing; No Dilutive Capital Raise Since October 2025 |
TAMPA,
Fla., September 17, 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 select preliminary unaudited financial results for the fiscal year ended June 30, 2026.
Revenue
Based
on preliminary unaudited results, AtlasClear expects to report fiscal 2026 total revenues of approximately $20.1 million, an increase
of approximately 85% from $10.9 million in fiscal 2025. The Company also expects to report interest income of approximately $1.8 million,
which is presented in other income under GAAP. Total revenues plus interest income are expected to be approximately $21.9 million, compared
with approximately $12.9 million in fiscal 2025, an increase of approximately 70%. The separate audited financial statements of the Company’s
broker-dealer subsidiary, AtlasClearing, Inc., for the fiscal year ended June 30, 2026, filed with the SEC on August 31, 2026, present
interest income within revenues and report total revenues of approximately $21.8 million.
Growth
came from both the core commission business and newer business lines. Commission revenue increased approximately 56% to approximately
$9.3 million. Stock locate fees, a business the Company launched and scaled during fiscal 2026, increased to approximately $6.8 million
from approximately $0.3 million and represented approximately 34% of total revenues. Net gains on firm trading accounts contributed approximately
$0.5 million. As a result, commission revenue grew in absolute dollars while declining from approximately 55% of total revenues in fiscal
2025 to approximately 46% in fiscal 2026, and non-commission revenue lines represented approximately 54% of the total.
Profitability
and Balance Sheet
The
Company expects to report net income of approximately $2.0 million for fiscal 2026, its second consecutive year of positive net income,
which includes non-cash gains from changes in the fair value of the Company’s financial instruments. At June 30, 2026, the Company
expects to report cash and cash equivalents of approximately $15.4 million, more than double the $7.5 million a year earlier; total stockholders’
equity of approximately $21.1 million, compared with a stockholders’ deficit of approximately $6.8 million at June 30, 2025; and
total liabilities of approximately $50.1 million, a reduction of approximately $17.6 million.
Net
capital at AtlasClearing, Inc. increased to approximately $14.4 million at June 30, 2026 from $11.2 million a year earlier, as reported
in AtlasClearing’s audited annual report filed with the SEC. That is approximately $14.1 million above its minimum requirement
and well above the $10 million excess net capital threshold that the National Securities Clearing Corporation requires of firms that
clear for introducing brokers. Net capital is stated after deducting unsecured receivables from other broker-dealers for stock locate
fees, which are treated as non-allowable assets until collected and have grown with the stock locate business.
Correspondent
Pipeline and Capital Discipline
AtlasClearing
has signed clearing agreements with six new correspondent broker-dealers, which are in various stages of onboarding and conversion. Fiscal
2026 results include no meaningful revenue from these relationships, which the Company expects to begin contributing as conversions are
completed during fiscal 2027.
Fiscal
2026 growth was achieved without reliance on at-the-market or equity line financing. The Company sold no shares under its equity line
facility during fiscal 2026 and has not conducted any at-the-market offering or other dilutive capital raise since its October 2025 institutional
unit financing. Shares outstanding were approximately 150.3 million at June 30, 2026 and approximately 151.8 million as of the date of
this release.
Management
Commentary
“Fiscal
2026 was a breakout year for AtlasClear. Revenue increased approximately 85% to roughly $20.1 million, and including interest income
the business generated approximately $21.9 million,” said John Schaible, Executive Chairman of AtlasClear Holdings. “Just
as important is how we got there. More than half of our revenue now comes from lines of business that barely existed two years ago, and
we did it without an at-the-market program or an equity line. We finished the year with more than twice the cash, stockholders’
equity of more than $21 million, and a stronger broker-dealer. That is the foundation we intend to build on as we continue to pursue
our bank strategy, and we look forward to updating shareholders in greater detail on our full-year results and operations later this
month.”
“The
operating story at AtlasClearing is one of execution,” said Craig Ridenhour, President of AtlasClear Holdings and Chairman of AtlasClearing,
Inc. “Commissions grew more than 50%, stock locate went from a standing start to nearly $7 million, and net capital finished the
year up more than $3 million. Six new correspondents have signed and none of their revenue is in these numbers yet. As those correspondents
onboard, the customer assets and trading activity they bring will give us the ability to scale our stock loan business and to add new
forms of interest income, including on margin balances, customer cash and securities lending, on the platform and team we already have
in place, with only incremental expense.”
Preliminary
Results
The
preliminary financial results included in this release have been prepared by, and are the responsibility of, the Company’s management.
These results are preliminary and unaudited and are subject to completion of the Company’s financial closing procedures and audit.
Actual results may differ from the preliminary results presented above, and any such differences could be material. These preliminary
results should not be viewed as a substitute for the Company’s full audited consolidated financial statements. Total revenues plus
interest income, as used in this release, is a supplemental measure that is not calculated in accordance with GAAP. It is the sum of
total revenues and interest income, each as the Company expects to report them in its consolidated statement of operations, and is presented
because interest earned on balances held by the Company’s broker-dealer subsidiary is an integral part of its operating economics.
It should not be considered a substitute for total revenues determined in accordance with GAAP.
Fiscal
2026 Results and Conference Call
AtlasClear
expects to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 and report its full fiscal 2026 financial results
by September 28, 2026. The Company also expects to host a conference call to discuss its fiscal 2026 results by September 28, 2026. Additional
details regarding the conference call will be provided in advance.
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, and its planned acquisition of Commercial
Bancorp of Wyoming, AtlasClear Holdings 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,” “future,”
“intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,”
“seek,” “should,” “target,” “will,” “would,” and similar expressions.
Forward-looking
statements include, but are not limited to, statements regarding the Company’s preliminary unaudited financial results for the
fiscal year ended June 30, 2026, expected future growth, strategic initiatives, the onboarding and conversion of the Company’s
newly signed correspondent broker-dealers and the timing and revenue contribution of those relationships, the Company’s future
financing activities, the expansion of the Company’s stock locate, securities lending and margin businesses, the expected timing
of the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026 and the matters to be reported
therein, the proposed acquisition of an institutional digital asset business and the proposed acquisitions of Ark Financial Services,
Inc. and the Target, the anticipated timing and completion of the initial and second closings of the Dawson James transaction, the execution
of definitive documentation, receipt of FINRA and other required regulatory and stockholder approvals, the anticipated growth of Dawson
James’s clearing activity through AtlasClearing, the expected revenue, net income and EBITDA contributions of the proposed acquisitions,
the timing of any disclosure of the Target’s identity, the Company’s intention to refile its application to acquire Commercial
Bancorp of Wyoming, future financial performance, future capital markets activity, and the Company’s ability to execute on its
business strategy. The letter of intent for the digital asset acquisition and the amended Dawson James letter of intent are non-binding
(other than certain customary provisions), and there can be no assurance that definitive agreements will be executed or that the proposed
acquisitions will be completed on the terms described, or at all.
These
statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the
Company’s control, and actual results may differ materially from those anticipated. Factors that could cause actual results to
differ include, but are not limited to: the risk that the Company’s final audited results for fiscal 2026 differ from the preliminary
unaudited results described in this release; AtlasClear’s failure to enter into definitive agreements with the Target or the Dawson
James parties, or its failure to complete the proposed acquisitions on favorable terms or at all; failure to receive the required regulatory
approvals for the proposed acquisitions; AtlasClear’s inability to integrate, and to realize the benefits of, the proposed acquisitions;
the risk that AtlasClear does not refile its application for the acquisition of Commercial Bancorp or that the acquisition does not close
as a result of the failure to satisfy the conditions to closing such acquisition (including, without limitation, the receipt of approval
of Commercial Bancorp’s stockholders and receipt of required regulatory approvals); delays in onboarding correspondent broker-dealers
or the failure of correspondent relationships to generate the anticipated revenue; the risk that the Company does not file its Annual
Report on Form 10-K within the time period anticipated; changes in general economic or political conditions; changes in the markets that
AtlasClear targets; slowdowns in securities or digital asset trading or shifting demand for trading, clearing and settling financial
products; and any change in laws applicable to AtlasClear or any regulatory or judicial interpretation thereof. For additional information
regarding risks and uncertainties, please refer to the Company’s filings with the Securities and Exchange Commission, including
its Annual Report on Form 10-K for the year ended June 30, 2025, as amended, and its Quarterly Report on Form 10-Q for the quarter ended
March 31, 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
