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Fathom Holdings Prices Underwritten Public Offering of Common Stock

CARY, N.C., Nov. 18, 2021 /PRNewswire/ --A Fathom Holdings Inc. (Nasdaq: FTHM),A a national, technology-driven, end-to-end real estate services platformA integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents,A today announced the pricing of an underwritten public offering of 1,750,000 shares, inclusive of 350,000 secondary shares, of its common stock at a price to the public of $25.00 per share.
Fathom Holdings Prices Underwritten Public Offering of Common Stock
The company also has granted the underwriters 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 $32.7 million, not including exercise of the overallotment option. The offering is expected to close on November 22, 2021, subject to customary closing conditions. Fathom intends to use the proceeds to fund the growth of its business, including acquisitions, sales and marketing initiatives, working capital, and for general corporate purposes. Roth Capital Partners and Stephens Inc. acted as joint book-running managers for the offering, with D.A. Davidson & Co. acting as co-manager.
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