Fathom Announces $3.0 Million Registered Direct Offering

Core Viewpoint - Fathom Holdings, Inc. has announced a definitive securities purchase agreement to raise approximately $3.0 million through a registered direct offering of its common stock, aimed at funding general corporate purposes and strategic acquisitions [1][3]. Group 1: Offering Details - The company will sell a total of 3,505,364 shares to certain investors at a price of $0.6847 per share and 832,639 shares to Board members at $0.7206 per share, based on the closing bid price on March 10, 2025 [1][2]. - The closing of the offering is expected around March 14, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate and working capital purposes, as well as for funding strategic acquisitions of complementary businesses [3]. Group 3: Board Appointment - As part of the offering, Adam Rothstein is set to be appointed to the Board, subject to Board approval [2]. Group 4: Company Overview - Fathom Holdings Inc. operates as a technology-driven real estate services platform, integrating residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent [6].