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GlobeNewswire·

AtlasClear Holdings Executes Sixth Correspondent Broker-Dealer Agreement

  • AtlasClear Holdings executed its sixth correspondent broker-dealer agreement through subsidiary AtlasClearing.
  • The agreement extends a pipeline that has advanced across consecutive quarters following a fifth deal announced in April.
  • Completed infrastructure work has shortened onboarding timelines and expanded the platform's capacity to clear for multiple correspondents concurrently.
  • The company added operations staff to support current activity and near-term pipeline development.
  • Executive and AML teams were strengthened by hiring senior leaders formerly with Robinhood, Axos, and Morgan Stanley.
  • Executive Chairman John Schaible stated that each agreement adds revenue potential on an existing cost base.
  • President Craig Ridenhour emphasized the focus on making business transitions straightforward for firms moving to the platform.
  • The company continues discussions with additional broker-dealers and expects to announce further agreements as they are executed.
  • AtlasClear expects to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, on a timely basis.
  • The company remains focused on its vertically integrated suite of brokerage, clearing, risk management, regulatory, and commercial banking solutions.