What is the status of the Commercial Bancorp (CB Merger) acquisition following the Funicular Note's November 9, 2025, maturity?

What is the status of the Commercial Bancorp (CB Merger) acquisition following the Funicular Note's November 9, 2025, maturity? AI+

STEVE • 01-02 • AtlasClear Holdings, Inc. • Public •

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AI+ Standard • 01-02

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The acquisition of Commercial Bancorp by AtlasClear Holdings, Inc. (formerly Quantum FinTech Acquisition Corporation) is ongoing. As of September 29, 2025, AtlasClear Holdings announced that it had "Extended contract to acquire Commercial Bancorp of Wyoming".1

Regarding the Funicular Note, its original stated maturity date was November 9, 2025. However, on October 8, 2025, AtlasClear Holdings and Funicular entered into an amended and restated securities purchase agreement. This agreement resulted in a "Restated Note" with a principal amount of $10,097,782, and a new stated maturity date of October 8, 2030. Therefore, the November 9, 2025, maturity date of the original Funicular Note was superseded by this restatement.2

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1AtlasClear Holdings Announces Fourth Quarter and Full Year Fiscal 2025 Financial Results and Corporate Update - Earnings call scheduled for Tuesday, September 30, 2025, at 8:30 a.m. ET - Over $43 million in debt converted, reducing De-SPAC liabilitie

2ATLASCLEAR HOLDINGS, INC.

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