AtlasClear to Acquire Ark Financial Services in Stock-and-Cash Merger
AtlasClear announced a definitive business combination agreement to acquire Ark Financial Services, parent of Dawson James Securities. At signing, AtlasClear purchased a 24.9% stake for $2.5 million in cash and a $2.5 million, 5% unsecured seller note; the remaining interest is to be acquired at closing.
AtlasClear announced a definitive Business Combination Agreement to acquire Ark Financial Services, parent of Dawson James Securities. At signing, AtlasClear purchased a 24.9% stake for $2.5 million in cash and a $2.5 million, 5% unsecured seller note. The remaining interest will be acquired at clo…