What is the updated timeline for the planned acquisition of Commercial Bancorp of Wyoming, following the extended contract?

The planned acquisition of Commercial Bancorp of Wyoming by AtlasClear Holdings Inc. has seen multiple extensions to its timeline. Initially, an amendment on November 14, 2024, extended the termination date of the Bank Acquisition Agreement from November 16, 2024, to May 14, 2025.1

Following the May 14, 2025, extension period, the agreement has been further prolonged through cash payments. AtlasClear agreed to pay $5,000 for each two-week extension.1 As of June 30, 2025, a total of $20,000 had been paid for these extensions, pushing the agreement's term until July 9, 2025.1

It is important to note that the completion of the merger remains uncertain, as the parties may not be able to satisfy all conditions or obtain the necessary approvals.1 The agreement also allows for termination without liability if a new or amended agreement is not reached, and Commercial Bancorp shareholders are not obligated to agree to such changes.1 The company's filings explicitly state that the proposed merger "may not be completed on the terms or timeline currently contemplated, or at all".1