AtlasClear Holdings Provides Financing Update; Total Investment Remains $45M; Initial Investment Tranche $20M; Second Investment Tranche Now $25M

The total investment remains $45,000,000.The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.The initial investment tranche will now

• The total investment remains $45,000,000.
• The two parties have agreed to two (2) investment tranches from the original schedule of four (4) investment tranches to complete funding.
• The initial investment tranche will now be $20,000,000, up from the original initial investment tranche of $10,000,000.
• The second investment tranche will now be $25,000,000.
• Hanire will be purchasing 19.9% of the Company in equity with the remaining balance in convertible notes structured as previously agreed upon and available in prior SEC filings.
• Hanire will receive two (2) board seats for their investment with minimum equity ownership thresholds to maintain those seats.