Net Income Increases 295% AtlasClear Holdings Reports for its Wholly Owned Subsidiary, Wilson-Davis & Co., Inc.

AtlasClear Holdings, Inc. (NYSE:ATCH) today announced that is wholly-owned subsidiary, Wilson-Davis & Co, Inc. ("WDCO"), reported audited financials to its regulatory authority timely that included material improvements in revenue, net income, net capital, and announces a new introducing broker-dealer, Dawson James Securities, has executed a contract to become a correspondent clearing client.

Wilson-Davis reported financials that reflect Year End 06/30/25 Net Income of $1,477,946, a 295% YoY increase, Year End 06/30/25 Revenues of $12,853,192, a 15.45% YoY increase, and 07/31/25 Net Capital of $11,475,547, a 9.65% YoY increase. "We are ecstatic about the performance of Wilson-Davis, but even more excited for the new correspondent clearing relationship that Dawson James has signed with us. We believe this is just the beginning and that our business will truly scale with the expansion of correspondent clearing clients added to our platform." said President of AtlasClear Holdings, Craig Ridenhour.

In addition, AtlasClear Holdings confirmed that it remains on track to file its Form 10-K on or before Sept. 29, 2025, following its June 30 fiscal year end. "The upcoming filing will highlight the material improvements made in our balance sheet and our Stockholder's Equity," said John Schaible, Executive Chairman. "We believe this growth reflects our vision of building a technology-enabled, vertically integrated platform that serves the evolving needs of the financial markets. We anticipate more success in balance sheet improvement, which will allow us to move forward with the proposed acquisition of Commercial Bancorp of Wyoming. More capital will also accelerate our future crypto offerings and support our ability to deliver FinTech systems to our broker-dealer customers that empowers them to compete successfully with the likes of Robinhood, Momo, or Tradebull."

"Sixth Borough Capital Management invested into AtlasClear Holdings, and I joined its Board because I believe in the Company's model and in its management's ability to deliver a FinTech financial services platform that will include clearing, custody, banking, market making, and crypto," said Robert D. Keyser, CEO of Dawson James. "We expect to expand our strategic relationship with AtlasClear Holdings going forward."

"Drawing on our longstanding relationships built over decades in the securities industry, we are executing on our vision to build a modern, vertically integrated financial platform for the small- and middle-market community. Today's announcement underscores our commitment to growth," stated Jeff Sime, CEO of WDCO. "Our customer channel, onboarding process and forward growth is limited only by capital, which is a great problem to have and one that can be solved."

In addition to today's announcements, Wilson-Davis has recently signed two investment banking transactions further expanding their offerings and revenue opportunities. "Our work with Limitless X Holdings, Inc., and Hyperscale Data, Inc., demonstrates the kind of transformative transactions we intend to bring to market," said Craig Ridenhour, President of AtlasClear. "By leveraging a Reg A+ structure through a leading investment portal provider for Limitless X and acting as sales agent for Hyperscale Data's ATM, we are expanding access to growth-stage offerings and enabling broader retail investor participation. We believe these transactions can serve as a blueprint for future capital market opportunities."

AtlasClear Holdings is focused on executing its strategic plan and expanding innovative financial products that address the needs of small and mid-tier financial services firms. The Company expects to build on its product momentum through 2025 with new offerings across crypto, trading, clearing, settlement and banking.

About AtlasClear Holdings, Inc.

AtlasClear Holdings plans to build a cutting-edge technology enabled financial services firm that would create a more efficient platform for trading, clearing, settlement and banking of evolving and innovative financial products with a focus on the small and middle market financial services firms. The strategic goal of AtlasClear Holdings is to have a fully vertically integrated suite of cloud-based products including account opening, trade execution, risk management, regulatory reporting and settlement. The team that leads AtlasClear Holdings consists of respected financial services industry veterans that have founded and led other companies in the industry including Legent Clearing, Cor Clearing, Axos Clearing, NexTrade, Symbiont, and Anderen Bank.

About Wilson-Davis & Co., Inc.

Wilson-Davis is a full-service correspondent securities broker-dealer. The company is registered with the Securities and Exchange Commission ("SEC"), the Financial Industry Regulatory Authority and the Securities Investor Protection Organization. In addition, Wilson-Davis is a member of DTCC as well as the National Securities Clearing Corporation. Headquartered in Salt Lake City, Utah. Wilson-Davis has been servicing the investment community since 1968, with satellite offices in California, Arizona, Colorado, New York, New Jersey and Florida.

About Commercial Bancorp of Wyoming

Commercial Bancorp is a bank holding company operating through its wholly owned subsidiary, Farmers State Bank ("FSB") and has been servicing the local community in Pine Bluffs, WY since 1915. It has focused the majority of its services on private and corporate banking. A member of the Federal Reserve, FSB is expected to be a strategic asset for AtlasClear Holdings' long-term business model.

About Dawson James

Dawson James Securities specializes in capital raising for small and microcap public and private growth companies primarily in the Life Science/Health Care, Technology and Consumer sectors and is a full-service investment banking firm with research, institutional and retail sales, and execution trading and corporate services. Headquartered in Boca Raton, FL, Dawson James is privately held with offices in New York, Maryland and New Jersey. www.dawsonjames.com

About Sixth Borough

Sixth Borough Capital Management, LLC ("Sixth Borough"), is a multi-stage, event-driven, alternative investment manager. We utilize a fundamental and value-oriented approach to investing, primarily focused on small and mid-cap private and public equities. Our mandate is unconstrained and fully opportunistic, allowing great latitude in our investment universe - spanning multiple sectors, stages of development, and geographies. We pride ourselves on contrarian thought, high levels of conviction, and an enduring investment process bound by exceptional levels of discipline and risk management. We are committed to building a steadfast business rooted in integrity, strong values, and high ethical standards.

About Limitless X

Limitless X Holdings, Inc., is building a diversified, value-driven ecosystem targeting the expanding global markets in Health, Wellness, Entertainment, Community, and Brand Development. Through its wholly owned subsidiary, Limitless X, Inc., the Company operates a scalable Direct- to-Consumer eCommerce platform delivering innovative products and services that empower consumers to optimize their lifestyles and well-being.

About Hyperscale Data

Hyperscale Data, Inc., is a leading provider of advanced data center solutions, strategically focused on supporting the rapidly expanding artificial intelligence industry. Leveraging state-of-the-art infrastructure, Hyperscale Data owns and operates high-capacity data centers, designed to meet the increasing demand for computational power and storage required by AI technologies. Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ("AI") ecosystems and other industries. Hyperscale Data's other wholly owned subsidiary, Ault Capital Group, Inc. ("ACG"), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Cautionary Statements Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that reflect AtlasClear Holdings' current views with respect to, among other things, the future operations and financial performance of AtlasClear Holdings. Forward-looking statements in this communication may be identified by the use of words such as "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "foreseeable," "future," "intend," "may," "outlook," "plan," "potential," "proposed," "predict," "project," "seek," "should," "target," "trends," "will," "would" and similar terms and phrases. Forward-looking statements contained in this communication include, but are not limited to, statements as to (i) the closing of all or any portion of the investment from Hanire, (ii) AtlasClear Holdings' expectations regarding the benefits of the investment from Hanire, including its ability to allow AtlasClear Holdings to accomplish a number of its strategic goals, achieve profitability, deliver the capital needed for its proposed bank acquisition upon approval, solidify its capital foundation, reduce potential dilution, and position the Company to maximize long-term stockholder value, (iii) AtlasClear Holdings' expectations as to future operational results, (v) AtlasClear Holdings' anticipated growth strategy, including expected acquisitions, and (v) the financial technology of AtlasClear Holdings.

The forward-looking statements contained in this communication are based on the current expectations of AtlasClear Holdings and its management and are subject to risks and uncertainties. No assurance can be given that future developments affecting AtlasClear Holdings will be those that are anticipated. Actual results may differ materially from current expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the control of AtlasClear Holdings. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward- looking statements. Factors that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them.

Such factors include, but are not limited to: any failure by Hanire to deliver the tranches of capital on the anticipated schedule, or at all; any failure by the Company to meet the milestones required to receive the tranches of capital on a timely basis, or at all; failure of the Company to realize the anticipated benefits of the investment of capital, such as achieving profitability, delivering the capital needed for its proposed bank acquisition upon approval, solidifying its capital foundation, reducing potential dilution, and positioning the Company to maximize long-term stockholder value; failure by AtlasClear Holdings to satisfy the closing conditions to any of the tranches of capital, including receipt of stockholder approval; AtlasClear's inability to successfully integrate, and/or realize the anticipated benefits of, the acquisition of Wilson-Davis and the technology acquired from Pacsquare Technologies LLC (the "Transaction"); failure to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of AtlasClear Holdings to maintain relationships with customers and suppliers and strategic alliance third parties, and to retain its management and key employees; AtlasClear Holdings' inability to integrate, and to realize the benefits of, the Transaction and other potential acquisitions; changes in general economic or political conditions; changes in the markets that AtlasClear Holdings targets; slowdowns in securities or cryptocurrency trading or shifting demand for trading, clearing and settling financial products; any change in laws applicable to AtlasClear Holdings or any regulatory or judicial interpretation thereof; factors that may cause a delay in timely filing the transition report described herein; the risk that additional or different information may become known prior to the expected filing of the transition report, and other factors, risks and uncertainties, including those that were included under the heading "Risk Factors" in AtlasClear Holdings' Transition Report on Form 10-KT filed with the Securities and Exchange Commission on October 16, 2024 and its subsequent filings with the SEC. AtlasClear Holdings cautions that the foregoing list of factors is not exhaustive. Any forward-looking statement made in this communication speaks only as of the date hereof. Plans, intentions or expectations disclosed in forward-looking statements may not be achieved and no one should place undue reliance on such forward-looking statements. AtlasClear Holdings does not undertake any obligation to update, revise or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

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