AtlasClear signed a non-binding LOI to buy a revenue-generating institutional digital asset business, with consideration split between cash and common stock.
The target generated about $9.2 million in revenue and $3.5 million in EBITDA for 2025.
An amended deal framework for Ark Financial and its unit Dawson James is expected to deliver an initial 24.9% closing within about 30 days.
Dawson James produced about $26.2 million in revenue and just over $3.2 million in EBITDA for 2025.
Together, the two businesses imply roughly $35.4 million in revenue and $6.7 million in EBITDA in 2025, with a 2026 revenue run rate above $56 million.
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