AtlasClear to Acquire Dawson James, Boosting Revenue to $45M

AtlasClear Holdings, Inc. (NYSE American: ATCH) has announced a strategic move 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, structured through a Letter of Intent, is expected to be accretive in the first year and will be paid through a combination of cash and AtlasClear common stock. To meet regulatory requirements, the transaction will close in two steps: an initial 24.9% interest upon signing the definitive agreement, with the remaining interest acquired following FINRA approval. This acquisition is part of AtlasClear’s broader growth strategy, which also includes a pending acquisition of Commercial Bancorp of Wyoming, aiming to create an integrated platform for trading, clearing, settlement, and banking.

Dawson James is a notable player in the small-cap and micro-cap investment banking space, ranking #14 in transaction volume during Q1 2026 according to PlacementTracker’s Market League Tables. Its recent transactions span digital assets, defense, industrials, biotechnology, and digital media and gaming. Following the acquisition, AtlasClear plans to integrate Dawson James’s clearing activity in-house through its subsidiary Wilson-Davis & Co., Inc., capturing additional execution and settlement economics currently handled by a third-party clearing firm. This integration is expected to enhance the combined business’s efficiency and profitability, with an anticipated annualized revenue run rate of approximately $45 million and net income of around $5 million after full completion of both acquisitions.

“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,” said Craig Ridenhour, President of AtlasClear. Robert D. Keyser, Jr., CEO of Ark Financial and Dawson James, added, “AtlasClear’s platform extends what we can offer our issuer and institutional clients. Clearing, settlement, and, with Commercial Bancorp, commercial banking capabilities give our team a broader set of tools to serve the small-cap and micro-cap companies that are the core of our business.” The company is actively evaluating additional acquisition opportunities to expand its platform across origination, execution, clearing, and banking, and across a broader range of asset classes. For more information, follow AtlasClear on LinkedIn or X and visit www.atlasclear.com.