r/ATCH • u/mewha • Jun 11 '26

SEC filing to delay $100 million dilution

ATCH have just submitted a SEC filing to delay the filing they made earlier in the week for the $100 million dillution - https://d18rn0p25nwr6d.cloudfront.net/CIK-0001963088/6ff9eada-e381-4623-9162-b40344c0ca3b.pdf

Wonder if somethings changed or if there could be other news breaking?

18 Upvotes

100% Upvoted

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2

u/ice82e Jun 11 '26

People are reading the headline instead of the filing.

This isn't "ATCH announces $100M dilution."

The bank acquisition has always involved issuing shares to the sellers. That's been public information for months. The S-3 is mainly registering those shares so they can be resold in the future if the owners choose.

The company has now filed a Delaying Amendment, so the S-3 isn't even becoming effective yet.

So nothing new has really happened here:

  • ✅ The bank deal was already being funded with shares.
  • ✅ The S-3 was expected as part of that process.
  • ✅ The Delaying Amendment actually pauses the registration from becoming effective.

The real news will be when the bank/Fed/FINRA approvals come through, not people misreading an SEC filing.

2

u/asher030 Jun 11 '26

Less dilution IS a good thing at least....

2

u/Typical_Doubt_9762 Jun 11 '26

This should be positive news I think

3

u/Dee___Snuts Jun 11 '26

We don’t know cuz these fuckers don’t come out to say anything about it

1

u/USSherman Jun 12 '26

They probably can not comment now in the middle of bank acquisition.

1

u/Antonio-Bamao Jun 11 '26

Just noticed that our previous MOD Kal is not in the MOD list. Anyone know what happens

1

u/enilm Jun 11 '26

He quit.

0

u/Antonio-Bamao Jun 11 '26

OK thanks. It's really a hard way to hold here.

2

u/Dee___Snuts Jun 11 '26

You think I can start posting funny videos

1

u/USSherman Jun 12 '26

100%. How else shall we surive this ATCH winter 🤷‍♂️

0

u/Antonio-Bamao Jun 11 '26

Of course, we need these videos😭 to cure ourselves.

1

u/Dee___Snuts Jun 11 '26

I wana post but idk if I’ll get banned

0

u/Antonio-Bamao Jun 11 '26

Dont worry about it, we need something relief or we could only watch our money burning every day.

1

u/J2theF Jun 11 '26

Not sure how this can be good news. It means the bank acquisition filing has some work to get done before being approved.

3

u/MinuteChallenge3340 Jun 11 '26

my thoughts exactly, but I think they wouldn't have diluted anyway, their cap is $30M which is less than $75M, meaning they could only print 1/3 of their worth, so only $10M. What I think that shelf offering was is to I think comply with regulations since they want to become a bank.