11/14/2025

speaker
Operator
Conference Operator

Good day, and welcome to Atlas Clear Fiscal Q1 2026 Earnings Call. All participants will be in a listen-only mode. If anyone should require operator assistance, please press star zero on your telephone keypad. Please note, today's call is being recorded. Today's call will be led by John Scheible, Executive Chairman, and Craig Reidenauer, President of Atlas Clear Holdings. Also joining us is Jeff Ramson, CEO of PCG Advisory. who will provide the safe harbor statement and manage the Q&A portion of today's call. Please go ahead, Jeff.

speaker
Jeff Ramson
CEO, PCG Advisory

Thank you, Operator. Before we begin, I'd like to remind everyone that today's call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. For more details, please refer to the company's Form 10Q for the quarter-ended September 30th, 2025, and other filings with the SEC. Atlas Clear undertakes no obligation to update forward-looking statements except as required by law. With that, I'll now turn the call over to Atlas Clear's Executive Chairman, John Shively.

speaker
John Scheible
Executive Chairman, Atlas Clear Holdings

Thank you, Jeff, and good morning, everyone. The September quarter marks a key inflection point for Atlas Clear. For the first time since our D-SPAC, we achieved positive stockholders' equity of $6.9 million, eliminated the prior going concern qualification, and further reduced DSPAC liabilities by more than 80% from fiscal 2024. This achievement reflects our focus on disciplined execution and balance sheet optimization, which now positions Atlas Clear as a more stable, growth-ready public company. Together, these efforts demonstrate that the foundational work we've done since our DSPAC is delivering tangible results establishing a platform for long-term scalability and value creation. We also secured $20 million in new institutional financing in October, half in convertible notes and half in equity units, strengthening our liquidity and providing a foundation for growth and acquisitions. Importantly, this funding allows us to execute on our strategic roadmap without requiring further near-term equity dilution. This progress comes amid a dynamic market for smaller financial institutions, where access to efficient clearing, funding, and technology infrastructure remains critical. We see this environment as an opportunity to demonstrate how Atlas Clear's model delivers scalability and cost efficiency when it's needed most. Operationally, our subsidiary, Wilson-Davidson Company, continued its track record of growing profitability, delivering strong commission, clearing, and stock loan results. And strategically, we continued laying the groundwork for a vertically integrated, technology-enabled platform for trading, clearing, settlement, and banking. With that foundation in place, I'll turn it over to our President, Craig Ridenour, to review key operational highlights from the quarter.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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