AtlasClear agrees to acquire Ark Financial Services for up to $24.5 million

• AtlasClear Holdings agreed to acquire Ark Financial Services, parent of investment bank Dawson James Securities, for up to $24.5 million.
• An initial 24.9% stake was purchased with $2.5 million in cash and a $2.5 million promissory note; no shares were issued.
• The remaining 75.1% acquisition is subject to closing conditions; total consideration includes approximately $8.25 million cash and $16.25 million common stock.
• Up to $3.25 million of deferred consideration depends on Dawson James meeting 2026 and 2027 revenue targets.
• The deal adds investment banking to the clearing platform; Dawson James reported approximately $2.4 million in audited net income for 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlasclear Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610150730PRIMZONEFULLFEED9846254) on October 15, 2026, and is solely responsible for the information contained therein.