AtlasClear Holdings, Inc. (NYSE American: ATCH) ("AtlasClear" or the "Company"), a technology-enabled financial services holding company, today announced that it has submitted regulatory applications seeking approval to acquire Commercial Bancorp, a Bank Holding Company and the parent company of Farmers State Bank, a profitable, well-capitalized Federal Reserve member bank.

The applications were filed with the Federal Reserve Board and the Wyoming Division of Banking, and represent the next step in the transaction process following the Company's February 2026 announcement of a definitive Share Purchase Agreement ("SPA") to acquire 100% of the outstanding shares of Commercial Bancorp. Under the terms of the SPA, approximately 73% of the total consideration is structured in shares of AtlasClear common stock, with the remainder payable in cash, subject to customary adjustments.