AtlasClear Holdings, Inc. , a technology and financing solution provider for small and midsize financial institutions, announced on Monday that it has completed its business combination with Quantum FinTech Acquisition Corporation (NYSE: QFTA), a publicly-traded special purpose acquisition company, and its acquisition of broker-dealer Wilson-Davis & Co., Inc.

The combined company will operate as AtlasClear and its common stock will begin trading on the NYSE American LLC (“NYSE Amex”) under the ticker symbol ATCH on Monday, February 12, 2024.

AtlasClear also announced that it has entered into a definitive agreement to acquire Commercial Bancorp of Wyoming (“Commercial Bancorp”), a Federal Reserve member bank, which is expected to close upon receipt of all necessary regulatory approvals.

John Schaible, Chief Strategy Officer of AtlasClear, said, “Today marks an important milestone for AtlasClear as we embark on our journey to bring a one-stop technology and financing solution to small and midsize financial institutions. As a public company, we’ll seek to grow both organically and through further acquisitions, as well as by expanding the balance sheet for both the clearing firm and the bank.”

Craig Ridenhour, Chief Business Development Officer of AtlasClear, said, “With the completion of this business combination, the AtlasClear team will focus on filling a gap in the capital markets where smaller institutions, broker-dealers and asset managers have been at a disadvantage. By combining an operating, profitable correspondent clearing firm, with an operating, profitable Federal Reserve member bank, and then layering in technology to handle the front office, back office and risk management functions of those institutions, we’re creating one venue where these smaller financial institutions can service all of their relevant operational needs, including trade clearing, settlement and banking services.”