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On Friday, AtlasClear Holdings, Inc. (NYSE:ATCH) announced it has signed a letter of intent to acquire Ark Financial Services, Inc. and its subsidiary Dawson James Securities, Inc., expanding into investment banking and capital markets origination.
AtlasClear Signs LOI to Acquire Ark Financial, Dawson James
The transaction will be completed in two stages, with an initial 24.9% stake followed by full ownership after FINRA approval. The deal is expected to be accretive in the first year.
AtlasClear said the combined business, including its pending acquisition of Commercial Bancorp of Wyoming, could generate about $45 million in annualized revenue and roughly $5 million in net income, as …
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