AtlasClear Holdings, Inc. (NYSE American: ATCH) has signed a Letter of Intent to acquire Ark Financial Services, Inc. and its wholly owned subsidiary, Dawson James Securities, Inc., a full-service investment bank based in Boca Raton, Florida.
The acquisition adds investment banking and capital markets origination to AtlasClear’s correspondent-clearing platform through its subsidiary Wilson-Davis & Co., Inc. The transaction is expected to be accretive in the first year, with consideration paid in a combination of cash and AtlasClear common stock.
To accommodate regulatory requirements, the transaction will close in two steps. AtlasClear will acquire an initial 24.9% interest upon execution of the definitive agreement, with the remaining interest acquired following FINRA approval.
Following full completion of this acquisition and the pending acquisition of Commercial Bancorp of Wyoming, AtlasClear expects the combined business to operate at an annualized revenue run rate of approximately $45 million and approximately $5 million of net income. AtlasClear intends to integrate Dawson James’s clearing activity in-house through Wilson-Davis, capturing additional execution and settlement economics that currently flow to a third-party clearing firm.
Dawson James ranked #14 by transaction volume in the first quarter of 2026 in PlacementTracker’s Market League Tables, with recent transactions spanning digital assets, defense, industrials, biotechnology, and digital media and gaming.
“Dawson James is a productive investment bank with a consistent pipeline of capital markets transactions. Adding that business to our platform brings meaningful revenue and, once clearing transitions to Wilson-Davis, captures economics that today sit outside the Dawson James franchise. Together with our pending acquisition of Commercial Bancorp, this is a direct step toward the integrated platform we have been building,” said Craig Ridenhour, President of AtlasClear.
The parties are working to finalize a definitive agreement, after which the FINRA regulatory review process will commence.
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