AtlasClear Holdings (ATCH) shares surged more than 100% in Tuesday's after-hours trading after the company announced an up to $45 million investment commitment from Hanire LLC.
Hanire's investment will be a combination of equity financing and convertible debt, AtlasClear said.
The investment will be made in a series of milestone-based installments, with the first tranche of $5 million expected in January.
AtlasClear said the funding will enable it to execute key objectives including debt restructuring and acquisitions.
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