Fathom Holdings Secures Funds Through New Stock Offering

Fathom Holdings Announces Public Offering of Common Stock
Fathom Holdings Inc. (NASDAQ: FTHM), a technology-oriented real estate services platform, has made headlines by pricing an underwritten public offering. The company is offering 3,000,000 shares of its common stock at a price of $2.00 per share.
Details of the Offering
This strategic move includes a 45-day option for the underwriter to purchase an additional 15% of the offered shares under the same terms. Following the underwriting discount and expected expenses, net proceeds are estimated to be around $5.4 million, excluding potential overallotment. This offering aims to close under customary conditions, and the funds raised will support general corporate purposes.
Understanding Fathom's Business Model
At the heart of Fathom Holdings is its commitment to integrating multiple facets of real estate under one roof. The company harnesses a technology-driven approach, making it easier for brokerages and agents to operate efficiently. Its proprietary cloud-based software, intelliAgent, allows seamless access to services such as residential brokerage and mortgage solutions.
Market Position and Brand Overview
Fathom Holdings operates under recognized brands like Fathom Realty, Encompass Lending, and Verus Title. Each brand plays a crucial role in facilitating a comprehensive range of services for its clients. By emphasizing its technology integration, the company not only streamlines processes but also enhances the overall customer experience, placing it favorably in a competitive market.
Leadership and Management Insights
The offering is managed solely by Roth Capital Partners, reflecting strong investor confidence in Fathom's strategy and vision. The firm's leadership is focused on sustaining growth while achieving profitability, despite external economic pressures.
About Fathom Holdings Inc.
Fathom Holdings Inc. continues to evolve within the national real estate landscape, leveraging innovative technology to improve service delivery. The company's focus remains on empowering agents and brokerages through advanced solutions, further solidifying its market position.
Frequently Asked Questions
What is the main purpose of Fathom Holdings' stock offering?
The stock offering is intended to generate funds for general corporate purposes, supporting the company's growth strategy.
How many shares are being offered in the public offering?
Fathom Holdings is offering a total of 3,000,000 shares of its common stock.
What will be the expected proceeds from the offering?
The company expects to receive net proceeds of approximately $5.4 million from the offering.
Who is managing the public offering?
Roth Capital Partners is acting as the sole manager for the offering.
What technology does Fathom Holdings use to support its services?
The company utilizes its proprietary cloud-based software, intelliAgent, to provide comprehensive real estate solutions.
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