AtlasClear agrees to acquire Ark Financial Services for up to $24.5 million
ATCH•AtlasClear Holdings agreed to acquire Ark Financial Services, parent of Dawson James Securities, for up to $24.5 million. The deal includes approximately $8.25 million in cash and $16.25 million in common stock, with up to $3.25 million deferred based on revenue targets.
1. Initial stake acquired
AtlasClear Holdings purchased an initial 24.9% stake in Ark Financial Services for $2.5 million in cash and a $2.5 million promissory note. No shares were issued for that stake.
2. Remaining deal terms
The acquisition of the remaining 75.1% is subject to closing conditions. Total consideration includes approximately $8.25 million in cash and $16.25 million in common stock, with up to $3.25 million of deferred consideration contingent on Dawson James meeting 2026 and 2027 revenue targets. Dawson James reported approximately $2.4 million in audited net income for 2025; the deal adds investment banking to AtlasClear’s clearing platform.
