secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059148
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fathom divests Dagley Insurance to founder for $15M; $8M at close, $7M deferred
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- Total consideration $15M cash: $8M at closing, $4M in 1 year, $3M in 2 years.
- Proceeds used to strengthen financial position and support growth initiatives.
- Dagley Insurance will continue serving Fathom Realty agents; no operational change.
- Transaction closed May 3, 2024; DIA operates in 47 states + DC.
- Pro forma 2023 net loss improves by ~$2.4M (gain on disposition) to $21.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924059148/0001104659-24-059148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924059148/tm2413420d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer