[SCHEDULE 13G/A] AtlasClear Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

AtlasClear Holdings, Inc. (ATCH) Schedule 13G/A shows Funicular Funds, LP; Cable Car Capital, LP; and Jacob Ma-Weaver each report beneficial ownership of 682,477 shares, representing 0.54% of the outstanding common stock. The reported interest arises from the remaining principal balance of approximately $97,782 on a secured convertible promissory note and related warrants exercisable within 60 days. All three reporting persons indicate sole voting and dispositive power over the shares and certify the holdings are not for the purpose of changing control of the issuer.

Positive

• Disclosure of convertible note details including remaining principal (~$97,782) increases transparency
• Clear attribution of ownership among fund, GP, and manager reduces ambiguity about beneficial holders

Negative

• Potential near-term dilution from warrants exercisable within 60 days
• Filing indicates ownership concentrated through affiliated parties, which could complicate outsider ownership calculations

Insights

Securities/Ownership Analyst

TL;DR: Minority holdings disclosed via convertible note and warrants, immaterial to control but relevant for dilution tracking.

The filing documents a small, disclosed beneficial position of 682,477 shares (0.54%) held by affiliated entities and an individual, arising from a secured convertible promissory note with ~ $97,782 remaining principal and warrants exercisable within 60 days. Voting and dispositive power are reported as sole for each filer, and the statement affirms the holdings are not intended to influence control. For investors this is a routine disclosure that signals potential near-term dilution risk if warrants are exercised, but the stake is well below 5% and not control-moving.

Corporate Governance Specialist

TL;DR: Affiliated filings confirm ownership attribution among fund, GP, and manager; no governance change expected.

The Schedule 13G/A attributes identical holdings to Funicular Funds, Cable Car Capital (the GP), and Jacob Ma-Weaver (managing member), reflecting typical beneficial ownership attribution within an affiliated group. The certification asserts no intent to affect control, aligning with a passive reporting status. While the conversion/warrant mechanics could modestly increase share count if exercised, the positions disclosed are too small to trigger governance concerns or 5% reporting thresholds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

AtlasClear Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

128745205

(CUSIP Number)

09/24/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 128745205

1

Names of Reporting Persons

Funicular Funds, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 682,477.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 682,477.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

682,477.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.5 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: The reporting persons ownership consists of the remaining principal balance of approximately $97,782 on the secured convertible promissory note (the Note) and warrants exercisable within 60 days. The foregoing calculation is based upon 126,819,145 shares of Common Stock outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on September 29, 2025.

SCHEDULE 13G

CUSIP No. 128745205

1

Names of Reporting Persons

Cable Car Capital, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 682,477.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 682,477.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

682,477.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.5 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: The reporting persons ownership consists of the remaining principal balance of approximately $97,782 on the Note and warrants exercisable within 60 days. The foregoing calculation is based upon 126,819,145 shares of Common Stock outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on September 29, 2025. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the shares held by Funicular Funds, LP.

SCHEDULE 13G

CUSIP No. 128745205

1

Names of Reporting Persons

Jacob Ma-Weaver

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 682,477.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 682,477.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

682,477.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.5 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The reporting persons ownership consists of the remaining principal balance of approximately $97,782 on the Note and warrants exercisable within 60 days. The foregoing calculation is based upon 126,819,145 shares of Common Stock outstanding as reported by the Issuer on Form 10-K filed with the Securities and Exchange Commission on September 29, 2025. Cable Car Capital, LP, as the General Partner of Funicular Funds, LP, and Jacob Ma-Weaver, as the Managing Member of Cable Car Capital, LP, may each be deemed the beneficial owner of the shares held by Funicular Funds, LP.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AtlasClear Holdings, Inc.
(b)	Address of issuer's principal executive offices: 2203 LOIS AVE., STE. 814, TAMPA, FLORIDA, 33607.
Item 2.
(a)	Name of person filing: Funicular Funds, LP Cable Car Capital, LP Jacob Ma-Weaver
(b)	Address or principal business office or, if none, residence: 601 California Street, Suite 1151, San Francisco, CA 94108
(c)	Citizenship: Funicular Funds, LP Delaware Cable Car Capital, LP Delaware Jacob Ma-Weaver United States
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 128745205
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Funicular Funds, LP 682,477 Cable Car Capital, LP 682,477 Jacob Ma-Weaver 682,477
(b)	Percent of class: Funicular Funds, LP 0.54% Cable Car Capital, LP 0.54% Jacob Ma-Weaver 0.54%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Funicular Funds, LP 682,477 Cable Car Capital, LP 682,477 Jacob Ma-Weaver 682,477
	(ii) Shared power to vote or to direct the vote: Funicular Funds, LP 0 Cable Car Capital, LP 0 Jacob Ma-Weaver 0
	(iii) Sole power to dispose or to direct the disposition of: Funicular Funds, LP 682,477 Cable Car Capital, LP 682,477 Jacob Ma-Weaver 682,477
	(iv) Shared power to dispose or to direct the disposition of: Funicular Funds, LP 0 Cable Car Capital, LP 0 Jacob Ma-Weaver 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Funicular Funds, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member of the General Partner
Date:	09/30/2025

Cable Car Capital, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member
Date:	09/30/2025

Jacob Ma-Weaver

Signature:	Jacob Ma-Weaver
Name/Title:	Jacob Ma-Weaver
Date:	09/30/2025

Exhibit Information

Exhibit A

FAQ

What stake does Funicular Funds, LP report in AtlasClear (ATCH)?

Funicular Funds, LP reports beneficial ownership of 682,477 shares, representing 0.54% of common stock.

How is the reported ownership in ATCH held?

The ownership arises from the remaining principal (~$97,782) on a secured convertible promissory note and related warrants exercisable within 60 days.

Do the reporting persons have voting power over the ATCH shares?

Yes; each reporting person discloses sole voting power and sole dispositive power over the 682,477 shares.

Does this Schedule 13G/A indicate an intent to change control at AtlasClear?

No; the filing includes a certification that the securities were not acquired and are not held for the purpose of changing or influencing control.

Are Cable Car Capital, LP and Jacob Ma-Weaver separately reported?

Yes; Cable Car Capital, LP (the GP) and Jacob Ma-Weaver (Managing Member) are each named and report the same 682,477-share position.