Quantum FinTech Acquisition Corp. Announces Business Combination with AtlasClear, Inc.

Winston & Strawn is representing Quantum FinTech Acquisition Corp. (NYSE: QFTA), a publicly traded special purpose acquisition company, in its announced business combination with AtlasClear, Inc. and Atlas Fintech Holdings Corp., which will result in Atlas FinTech transferring its trading technology assets to AtlasClear and the acquisition by AtlasClear as part of the initial business combination. As a result of the transactions, AtlasClear will provide specialized banking and clearing services to other financial services firms, with an emphasis on global markets currently underserviced by larger vendors. Upon closing, the combined company will operate as AtlasClear, Inc. and its common stock is expected to be listed on the NYSE under the ticker symbol “ATCL.” The transaction is currently expected to close in the first quarter of 2023.