All right. Welcome back, everyone. We have an update from AtlasClear Holdings. It trades on the New York Stock Exchange American under the symbol ATCH. It's building a cutting-edge technology enabled financial services platform designed to modernize trading, clearing, settlement, and banking for emerging financial institutions and fintechs. Happy to welcome President Craig Ridenhour and Chairman and CEO John Schaible. Welcome to the conference today, gentlemen. We're looking forward to hearing your update. Thank you, Anna. We're thrilled to be here. Thanks, Anna. We'll just jump right into a quick slide presentation. I say quick because ultimately we will be releasing our queue next week, so we will have an earnings call on the back of that, as well as we're gonna do an interview that'll address a lot more. We'll run through this real quickly. Hopefully everyone can see this. Obviously, AtlasClear Holdings, ATCH. You know, forward-looking statements, forget it. Again, just to reiterate, building the connective tissue of capital markets. It's basically we are the backbone of financial services. How do you custody, clear, and settle assets? Ultimately, should we receive approval on the bank, also bank assets, and combine those together to create one streamlined platform for the institutions that we target. The platform itself, it says on this slide, play, trade, clear, settle, and bank. There's different colors on this. Trade is step one. Investment bank, placement agent, underwriter. Recently we announced that we'd entered into an agreement to acquire Dawson James, actually Ark Financial, Dawson James Securities. That is the increase in the investment banking and placement agents and things like that. We haven't formally submitted with FINRA yet, but that is what we're planning on doing. Clearing we're already doing. That's through Wilson-Davis & Company, I think as everyone understands, our correspondent clearing firm. Settling, we're settling transactions on the equity side and fixed income and mutual fund side through Wilson-Davis, our clearing arm. Finally, bank. Obviously about one month ago or so, a little over, we actually put out the announcement that we had formally filed with the Fed to finally acquire Commercial Bancorp. That's the bank that operates as Farmers State Bank out of Wyoming, and we're in that process with the Fed. They're reviewing the application, and we're going through the approval process. We're optimistic we'll ultimately receive a positive result out of that, so that's the reason it says pending Fed approval. There's two pillars of this, of this trade, clear, settle bank operating today, which is the clear and settle function, adding meaningful economics and clear regulatory paths once the other two are added, so we're very excited. Again, we've emphasized in a number of interviews we have a fixed cost basis. There's three revenue layers. If we look at this, we can work up from layer 1, which is core clearing in the middle. That's through Wilson Davis, okay? We are right now operating, costs achieved, the coverage costs achieved, and there's high incremental contribution margins as we increase the number of correspondents we're clearing for. We're excited about our progress on that. Layer 2 is the bank pending Fed approval. That's the deposit funding, net interest margin potential. That also increases our ability to scale and increase our revenues and net income. Finally, third, the capital markets pending FINRA. That would be the acquisition we just recently announced regarding Ark Financial. We have not formally filed. We combine those three entities together, and at current 12-month trailing run rate, that'd be about $45 million in revenue, and that's just the beginning of the scale. That's not the entities combined together. That doesn't mean the synergies that are created and ultimately potentially new revenue streams created off of that, but that's just on the current run rate. We're very excited. With that, I'm gonna hand it off to John. Thanks, Craig. As we've mentioned and made public, we have now signed five correspondent clearing firms onto the Wilson-Davis platform. As we reference in here, we have one major one live today, which is Dawson James. I wanna be clear, Glendale Securities, which has been our partner for a long time, is one of our correspondent relationships, but this is the first one that we're integrating with respect to Dawson James after we changed the technology stack and made ourselves ready to scale. That's really what we are reflecting on the right-hand side of the slide. We have now positioned ourselves to truly scale the company by adding introducing brokers. As evidenced by the number of agreements we've already signed, and as we expect to sign, we're executing. Go to the next slide please, Craig. As Craig mentioned, we have the acquisition of Dawson James forthcoming. We're also buying the bank. We signed the acquisition letter of intent with Dawson James on April 24th. That'll be a two-step process where we'll immediately acquire 24.9% of Dawson James once the purchase agreement is done, which that is not quite done yet, and then hopefully 75%, the remaining, will be executed upon FINRA approval. On a combined basis, the enterprise, historically speaking, would be doing about $45 million in annualized revenue. Can you go to the next slide please, Craig? We have talked quite a bit publicly and otherwise about how we've improved the financial condition of the company coming out of the de-SPAC. We're proud to report we've paid off more than the 95% of the debt and the payables that we took on to execute the original Wilson Davis contract. In October of last year, we put together another $20 million in financing from strategic investors and partners. That really allowed us to finalize the improvement of our balance sheet. I think we reported a shift in our stockholders' equity from the last Q of about $60 million, going from a negative $38 million to a positive $21 million roughly. That money has allowed us to continue to grow the company and put us in a place where we don't have to go out and get more money anytime soon. As we add more acquisitions and as we continue to grow, we are increasing staff, we are increasing expenses, and we foresee a time where we will want more money simply because with more money we'll be able to onboard more business. The company is growing. We're financially stable, and we're very excited about where we are. So with that, we will- We'll run through our deck. Go ahead. We'll get to some questions that we know are coming in. Perfect. Thank you, gentlemen. Okay, there's a Fed comment period coming up. When does that wrap, and what happens after? I'm not sure I'm gonna answer this question correctly, Anna, because I think Fed comment or SEC comment, right? There's the SEC rule proposal in front of Amex to lift the lowest price to $0.25. We've made multiple comments on that, and that's an actual comment period. We're anticipating the final ruling from the SEC in June, but I would never dare to speak for when the SEC will actually rule, but that's internally what we think. With respect to the Fed, we did apply weeks ago for the acquisition of Commercial Bancorp of Wyoming, and we're in iterative process. That's not really a comment period. That's just us working with the Fed to hopefully persuade them that we should be allowed to buy this wonderful bank. Perfect. You've got five correspondent agreements signed in Dawson James Securities, so what does the pipeline look like, and anything else close to signing? I mean, there's a lot going on. A number of things that I can't actually mention. What I can say is the pipeline is robust. It's almost on a daily basis that we're having conversations with institutions that would like to potentially have clearing arrangements with AtlasClear. That is a wonderful problem to have. What we're trying to do now that Dawson James is fully operational and beginning to scale their business in, is to make sure we properly onboard the remaining agreements that we already have. That being said, we are having significant conversations with institutions that are varying sizes and it's a very robust pipeline. We believe over the next period of months that we'll have additional information out that they'll be positive. We're excited about where we're at right now with where we have our correspondents and what our pipeline looks like. Great. Yeah, Wilson-Davis, it's been around for a long time. What's actually different now versus a year ago? When I think about it, I'm quite happy to say I think the firm is actually older than I am. Yes, you're right, it's been around a long time. What's changed in the firm is essentially everything from the culture perspective, from the technology perspective, and from the management perspective. We bought the firm, it was run kind of as a family-oriented operation. They did a wonderful job. We're changing it into a real platform so that it has the capital, the scale, the systems, and the people to grow. Let's talk big picture. With both acquisitions closed, what does the combined business actually look like with revenue and profitability? Well, let's assume that happens. One we have to get Fed approval, one we have to file with FINRA to get the approval on Dawson James. Assume that happens. As mentioned in the slides, you know, on a run rate historically right now we have a $45 million combined. We drop about $5 million and $6 million in net income to the bottom line. There's tremendous scale though that's created by those synergies, in particular with Wilson Davis and the bank. We would look at higher net interest margin capture. We look at extension of credit. We look at deposit sweeps. All things that aren't necessarily factored into the numbers that we currently would show combined. We think what it does is it launches us into the ability to increase our revenues, our net income, but also our product line that we can offer, especially through Dawson James in investment banking and some of the things they do that we don't specialize in. Great. Now that the balance sheet is in good shape, where does the capital go first? Capital first goes to the acquisition of Commercial Bancorp. Part of it goes there to make sure we can complete that acquisition. Secondarily, it'll go to shoring up the balance sheets of both the correspondent clearing firm and the bank. The bank in particular, because the bank is so small, let's just call it around $4 million in total book value, with the deposits it already has, we're not in a place to sweep deposits available to us through Wilson Davis to the bank unless we put more capital into the bank. The capital is gonna go to the acquisition of the bank, increasing the Tier 1 of the bank, and we will also devote more money to formalized marketing processes, which we haven't really engaged in. In spite of that, our channel is extraordinarily robust from the correspondent and introducing brokerage side, but we wanna spend money to keep growing and accelerate our growth. Last question, what does Dawson James as an underwriter mean for the rest of the platform once the deal closes? I'll take that, Anna. It means a tremendous amount. We have, regularly, since we've started doing some investment banking with Wilson-Davis, we've gotten a number of deals that have come to us. We're just not internally able to carry ourselves, and we really haven't done. Dawson James has a tremendous background and history in underwriting, placement agent, you name it. There are a number of opportunities for companies, in capital raises, IPOs, things like that we've had to pass on necessarily. They'll give us the scope and the scale and the team necessary to be effective in those and potentially accept some of those deals. We're excited about that, and that's, again, that's significant revenue that we're not even accounting for going forward. You know, it really expands our size, scale, and scope, and we're excited about it. Perfect. Thank you for this positive update. We appreciate the conversation, Craig and John, and we look forward to talking again real soon. Thank you, Anna. Thank you, Anna. Thank you very much. All right, everyone, stay with us. We'll be right back.