AtlasClear to Acquire Ark Financial and Dawson James, Targeting $45 Million Revenue Run Rate
AtlasClear Holdings plans to acquire Ark Financial Services and its subsidiary Dawson James Securities, adding investment banking capabilities and targeting $45 million in annualized revenue and $5 million in net income.
AtlasClear Holdings, Inc. (NYSE American: ATCH) announced today that it has signed a letter of intent to acquire Ark Financial Services, Inc. and its wholly owned subsidiary, Dawson James Securities, Inc., a full-service investment bank based in Boca Raton, Florida. The acquisition is expected to be accretive in the first year and will be paid in a combination of cash and AtlasClear common stock, with final terms to be disclosed in the definitive agreement.
The transaction will close in two steps to meet regulatory requirements: an initial 24.9% interest upon signing the definitive agreement, with the remaining interest acquired following FINRA approval. Upon full completion, and together with AtlasClear’s pending acquisition of Commercial Bancorp of Wyoming, the combined business is expected to operate at an annualized revenue run rate of approximately $45 million and generate approximately $5 million in net income.
Dawson James is a notable player in small-cap and micro-cap capital markets, ranking #14 by transaction volume in the first quarter of 2026 according to PlacementTracker’s Market League Tables. Its recent transactions span digital assets, defense, industrials, biotechnology, and digital media and gaming. AtlasClear intends to integrate Dawson James’s clearing activity in-house through its wholly owned subsidiary, Wilson-Davis & Co., Inc., capturing execution and settlement economics that currently go to a third-party clearing firm. This move also opens investment banking opportunities for other clearing clients.
“Dawson James is a productive investment bank with a consistent pipeline of capital markets transactions,” said Craig Ridenhour, President of AtlasClear. “Adding that business to our platform brings meaningful revenue and, once clearing transitions to Wilson-Davis, captures economics that today sit outside the Dawson James franchise. Together with our pending acquisition of Commercial Bancorp, this is a direct step toward the integrated platform we have been building.”
Robert D. Keyser, Jr., CEO of Ark Financial and Dawson James, added, “AtlasClear’s platform extends what we can offer our issuer and institutional clients. Clearing, settlement, and, with Commercial Bancorp, commercial banking capabilities give our team a broader set of tools to serve the small-cap and micro-cap companies that are the core of our business.”
The acquisition is part of AtlasClear’s broader growth strategy to expand its platform across origination, execution, clearing, and banking, as well as across a wider range of asset classes. The company is actively evaluating additional acquisition opportunities. The parties are working toward a definitive agreement and will then commence the FINRA regulatory review process. Additional terms will be disclosed upon execution of the definitive agreement.
For more information, follow the company on LinkedIn or X and visit www.atlasclear.com. The latest news and updates relating to $ATCH are available in the company’s newsroom at https://tinyurl.com/atchnewsroom.