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

Rhea-AI Filing Summary

AtlasClear Holdings, Inc. received a Schedule 13G from Funicular Funds, LP, Cable Car Capital, LP, and Jacob Ma‑Weaver disclosing beneficial ownership of 12,669,232 shares of common stock, representing 9.9% of the class as of the event date 10/10/2025.

The reported stake includes 4,083,333 shares plus a convertible promissory note and warrants exercisable for common stock within 60 days, each subject to a 9.99% beneficial ownership limitation. The percentage is based on 126,819,145 shares outstanding as reported by the company on Form 10‑K filed on September 29, 2025. The filers certified the securities were not acquired to change or influence control.

Insights

Equity ownership & governance analyst

Passive 9.9% stake disclosed, capped by ownership limits.

Funicular Funds, LP, Cable Car Capital, LP, and Jacob Ma‑Weaver report 9.9% beneficial ownership in AtlasClear via common shares plus a convertible note and warrants exercisable within 60 days. The filing uses a 9.99% beneficial ownership limitation, which typically restricts conversions or exercises that would push ownership over that threshold.

The percentage is calculated against 126,819,145 shares outstanding from the issuer’s Form 10‑K. The Schedule 13G certification states the position is not held to change or influence control, indicating a passive intent under this filing.

Any future changes in ownership would depend on market activity and instrument exercises within the stated limits; subsequent disclosures may update the stake if it moves across reporting thresholds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AtlasClear Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

128745205

(CUSIP Number)

10/10/2025

(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 12,669,232.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,669,232.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,669,232.00

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)

9.9 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: (1) The reporting persons ownership consists of 4,083,333 shares of Common Stock as well as a convertible promissory note and warrants which are exercisable for Common Stock within 60 days, in each case subject to a 9.99% beneficial ownership limitation. 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 12,669,232.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,669,232.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,669,232.00

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)

9.9 %

12

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person: (1) The reporting persons ownership consists of 4,083,333 shares of Common Stock as well as a convertible promissory note and warrants which are exercisable for Common Stock within 60 days, in each case subject to a 9.99% beneficial ownership limitation. 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. (2) 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 12,669,232.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,669,232.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,669,232.00

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)

9.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) The reporting persons ownership consists of 4,083,333 shares of Common Stock as well as a convertible promissory note and warrants which are exercisable for Common Stock within 60 days, in each case subject to a 9.99% beneficial ownership limitation. 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. (2) 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 12,669,232 Cable Car Capital, LP 12,669,232 Jacob Ma-Weaver 12,669,232
(b)	Percent of class: Funicular Funds, LP 9.99% Cable Car Capital, LP 9.99% Jacob Ma-Weaver 9.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Funicular Funds, LP 12,669,232 Cable Car Capital, LP 12,669,232 Jacob Ma-Weaver 12,669,232
	(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 12,669,232 Cable Car Capital, LP 12,669,232 Jacob Ma-Weaver 12,669,232
	(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.
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:	10/17/2025

Cable Car Capital, LP

Signature:	Jacob Ma-Weaver
Name/Title:	Managing Member
Date:	10/17/2025

Jacob Ma-Weaver

Signature:	Jacob Ma-Weaver
Name/Title:	Jacob Ma-Weaver
Date:	10/17/2025

Exhibit Information

Exhibit A

FAQ

Who filed the Schedule 13G for ATCH?

Funicular Funds, LP; Cable Car Capital, LP; and Jacob Ma‑Weaver filed the Schedule 13G reporting beneficial ownership.

How many AtlasClear (ATCH) shares are beneficially owned?

The filers reported beneficial ownership of 12,669,232 shares of common stock.

What percentage of ATCH does this represent?

The reported stake represents 9.9% of the outstanding common stock.

What securities make up the reported ATCH position?

It includes 4,083,333 common shares plus a convertible promissory note and warrants exercisable within 60 days.

Is there a beneficial ownership cap mentioned for ATCH?

Yes. Conversions/exercises are each subject to a 9.99% beneficial ownership limitation.

What share count was used to calculate the ATCH ownership percentage?

The calculation is based on 126,819,145 shares outstanding as reported on the company’s Form 10‑K filed on September 29, 2025.

What is the filers’ stated intent regarding control of ATCH?

They certified the securities were not acquired and are not held to change or influence control.