WDCO

Quantum FinTech Acquisition Corporation to Acquire AtlasClear

Retrieved on: 
Wednesday, November 16, 2022
Depository Trust & Clearing Corporation, Attention, Risk, FSB, CBDO, Security (finance), Vii, Section 14 of the Canadian Charter of Rights and Freedoms, Federal, SALT, Proxy, Communication, IR, Prospectus, Q2, Person, COVID-19, SPAC, FICC, Financial Industry Regulatory Authority, WDCO, Annual report, Financial technology, NYSE, Commercial, Form, Failure, Acquisition, CB, Securities Investor Protection Corporation, Federal Reserve Reform Act of 1977, Federal Reserve, Clearing Corporation, Sale, Risk management, Financial services, Bank, Cryptocurrency

TAMPA and SALT LAKE CITY, Nov. 16, 2022 (GLOBE NEWSWIRE) -- AtlasClear, Inc. (“AtlasClear”), Atlas Fintech Holdings Corp. (“Atlas FinTech”) and Quantum FinTech Acquisition Corporation (“QFTA”) (NYSE: QFTA), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement that will result in Atlas FinTech transferring its trading technology assets to AtlasClear and the acquisition by AtlasClear as part of the initial business combination of Wilson Davis & Co., Inc., a correspondent clearing broker-dealer (“WDCO”). AtlasClear has also entered into a definitive agreement to acquire a federal reserve member following consummation of the initial business combination, expected in the second or third quarter of 2023. 

Key Points: 
  • AtlasClear will operate through an acquisition of technology assets from Atlas Fintech Holdings Corp., combined with the acquisition of correspondent clearing broker dealer, Wilson Davis & Co., Inc.
    AtlasClear also party to definitive agreement to acquire Federal Reserve Member, Commercial Bancorp of Wyoming; acquisition expected to close Q2 or Q3 2023 subject to regulatory approvals
    Robert McBey, CEO of Wilson Davis & Co., Inc., and Craig Ridenhour, Chief Business Development Officer of Atlas FinTech Holdings Corp., will lead the combined company
    TAMPA and SALT LAKE CITY, Nov. 16, 2022 (GLOBE NEWSWIRE) -- AtlasClear, Inc. (AtlasClear), Atlas Fintech Holdings Corp. (Atlas FinTech) and Quantum FinTech Acquisition Corporation (QFTA) (NYSE: QFTA), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement that will result in Atlas FinTech transferring its trading technology assets to AtlasClear and the acquisition by AtlasClear as part of the initial business combination of Wilson Davis & Co., Inc., a correspondent clearing broker-dealer (WDCO).
  • AtlasClear is expected to possess best in class FinTech capabilities for its target marketplace in trading, clearing and settling financial products.
  • Together, we believe this business combination will advance our vision to create a FinTech forward alternative for market participants, said Craig Ridenhour, CBDO of Atlas FinTech Holdings.
  • Quantum FinTech Acquisition Corporation is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, that was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses, with a principal focus on identifying high-growth financial services and fintech businesses as targets.

Sinclair Acquires two Class A TV stations in Washington, DC

Retrieved on: 
Thursday, October 15, 2020
Sinclair Broadcast Group, WDCO, Nextgen, Mass media in the United States

HUNT VALLEY, Md., Oct. 15, 2020 /PRNewswire/ --Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today the closing of the acquisition of two Class A television stations located in the Washington, DC market.

Key Points: 
  • HUNT VALLEY, Md., Oct. 15, 2020 /PRNewswire/ --Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today the closing of the acquisition of two Class A television stations located in the Washington, DC market.
  • The two stations place a unique footprint over the nation's capital, with WIAV being a "High-Power" Class A facility authorized to transmit at 48 kW and WDCO providing a standard 15 kW Class A signal.
  • No longer bound simply to fixed TV monitors, NEXTGEN TV can support a wide range of services across multiple device platforms.
  • To date, Sinclair, in cooperation with the broadcast industry, has deployed NEXTGEN TV in seven markets with more scheduled for conversion by year-end.