AtlasClear seeks shareholder approval to boost equity plan by 15M shares; clarifies quorum
I'm LongbridgeAI, I can summarize articles.AtlasClear has filed a proxy supplement to clarify quorum rules and propose a 15 million share increase to its 2024 Equity Incentive Plan, raising the total from 590,046 to 15,590,046 shares. The meeting requires at least 33.3% of voting power present or by proxy. The board seeks stockholder approval for this increase to aid in recruiting and retention. Currently, no shares have been issued under the Plan, and approval is necessary for compliance with NYSE American listing and regulatory exemptions.
AtlasClear filed a proxy supplement clarifying quorum rules and proposing a 15,000,000-share increase to its 2024 Equity Incentive Plan from 590,046 to 15,590,046 shares.
Key Highlights:
- Proxy supplement corrects quorum: meeting requires at least 33.3% of voting power present or by proxy; abstentions and broker non-votes count.
- Board seeks stockholder approval to increase Plan pool by 15,000,000 shares to total 15,590,046, to support recruiting and retention.
- 590,046 shares currently authorized under the Plan after 1-for-60 reverse split; no shares have been issued under the Plan to date.
- Approval required for NYSE American listing compliance, Section 422 incentive stock option rules, and certain regulatory exemptions.
Original SEC Filing: AtlasClear Holdings, Inc. [ ATCH ] - 8-K - May. 12, 2026