Fathom Holdings (FTHM) Prices Underwritten Public Offering of Common Stock at $2/Each

December 1, 2023 8:39 AM EST

Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced the pricing of an underwritten public offering of 3,000,000 shares of its common stock, inclusive of 1,000,000 secondary shares, at a price of $2.00 per share.

The Company also has granted the underwriter of the offering a 45-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. After the underwriting discount, the Company expects to receive net proceeds of approximately $3.45 million, not including exercise of the overallotment option. The offering is expected to close on December 5, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes to include accelerating agent growth.

The Company's executive officers, directors and the selling shareholder have agreed not to sell or transfer any Company common stock or securities convertible into, exchangeable for, exercisable for, or repayable with Company common stock, for 90 days after the date of the offering prospectus (180 days, in the case of the selling shareholder), without first obtaining the written consent of the underwriter.

Roth Capital Partners acted as sole manager for the offering.

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