Fathom Holdings closes $6 million stock offering at $2 per share

Fathom Holdings Inc. (NASDAQ: FTHM) completed an underwritten public offering of 3 million shares of common stock at $2.00 per share, the company announced. The real estate services platform received net proceeds of approximately $5.4 million after underwriting discounts and expenses.

Roth Capital Partners served as sole manager for the offering. The company granted the underwriter a 45-day option to purchase up to an additional 15% of the shares offered under the same terms.

"We view this capital raise as an important step in strengthening our financial foundation while giving us additional flexibility to accelerate our growth strategy," said Marco Fregenal, CEO of Fathom Holdings. "The proceeds will allow us to continue to invest in sales and marketing initiatives, pursue strategic opportunities that enhance our platform, and support ongoing operations."

The offering was conducted under a shelf registration statement filed with the Securities and Exchange Commission. Fathom Holdings operates as a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and software-as-a-service offerings through its cloud-based intelliAgent software.

The company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, Verus Title, and Cornerstone.

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