Quantum fintech Acquisition and AtlasClear announced the filing of a registration statement covering deails of their proposed merger. The S-4 was initially filed confidentially in February.
AtlasClear intends to provide specialized banking and clearing services to other financial services firms, with an emphasis on global markets currently underserviced by larger vendors.
Quantum Fintech raised $175 million in a February 2021 IPO.
The deal with Quantum is expected to close in the second or third quarter, pending required regulatory approvals. Read more.