AtlasClear Holdings, Inc.

Good morning and welcome to the Atlas Clear Holdings Fiscal 2026 Year-End Results Conference Call. If anyone should require operative assistance during the conference, please press star zero from your telephone keypad. This call is being recorded. Joining us today are John Schaible, Executive Chairman, Greg Ridenhour, President, Sandip Patel, Chief Financial Officer and General Counsel, and Jeff Ramson of PCG Advisory, who will deliver the Safe Harbor Statement and moderate the question and answer session. I'll now turn the call over to Jeff Ramson.

Thank you, operator, and good morning, everyone. Before we begin, I'd like to remind everyone that today's discussion may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. For more information, please refer to Atlas Clear's annual report on Form 10-K for the fiscal year ended June 30, 2026, and the company's other filings with the SEC. Except as required by law, Atlas Clear undertakes no obligation to update any forward-looking statements based on new information or future events. Management may also refer to certain non-GAAP or supplemental measures during today's call, including total revenues plus interest income. Reconciliations to the most directly comparable GAAP measures are included in the company's earnings press release and the Form 10-K. With that, I'll turn the call over to John Schaible, Executive Chairman.

Thank you, Jeff, and good morning, everyone. Fiscal 2026 was a breakout year for Atlas Clear. Revenues increased 85% to $20.1 million, and together with interest income, the business generated $21.9 million. Approximately 54% of total revenue came from sources other than commissions, led by the rapid expansion of our stock-locate business. Importantly, we achieved that growth without using an at-the-market program or any equity line during the year. We ended fiscal 2026 with $15.4 million in cash, more than twice the amount at the beginning of the year, and stockholders' equity improved to $21.1 million from the deficit of $6.8 million. Atlas Clearing also increased its net capital to $14.4 million. These results show the platform we have been building is beginning to deliver meaningful scale. We also reported positive gap net income for the second consecutive year with approximately $2 million in fiscal 2026. As Sandip will explain, the gap result included a substantial non-cash fair value gain related to warrant, earn out, and other derivative liabilities, most notably an $11.1 million gain associated with the earn out liability. At the operating level, we recorded a loss of $9.8 million compared with $4.9 million last year. As sharply higher activity drove increased variable compensation, data processing, clearing and stock locate costs, we were investing to grow. The year also included $3.6 million of non-cash stock-based compensation. We believe it's important to give investors a clear view of both the reported results and the operating investments supporting the company's growth. We also signed six new correspondent broker dealers whose contributions are not yet reflected in our results, and Craig will walk through their progress in more detail. In addition, we are evaluating further strategic opportunities, including ARK Financial, the holding company of Dawson James, and the previously announced Institutional Digital Asset Transactions. Both remain subject to non-bonding letters of intent, due diligence, board approvals, definitive agreements, and other closing conditions. With that, I will turn the call over to Craig Ridenhour to discuss our operating highlights. Craig?