AtlasClear Holdings is a financial infrastructure company that provides clearing, custody, and trading services to small financial institutions. The company operates primarily through its broker-dealer subsidiary, AtlasClearing, which specializes in correspondent clearing, stock locate services, and microcap securities liquidation. In securities liquidation, AtlasClear vets legal eligibility and executes sales of restricted and control shares for private entities and individual investors. Its stock locate service identifies borrowable shares for broker-dealers executing short sales, while its correspondent clearing business provides back-office trade settlement for introducing broker-dealers. AtlasClear also conducts market making, margin lending, and securities lending. The business model generates revenue from transactional fees, commissions, vetting charges, and lending interest spreads across a fixed-cost clearing infrastructure. AtlasClear's growth strategy centers on onboarding new correspondent broker-dealers to drive operating leverage, scaling its stock locate business, and integrating pending acquisitions of a commercial bank charter and an investment banking firm to expand into deposit taking, credit extension, and digital asset services.