secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001104659-24-103457
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fathom Holdings raises $5M via senior secured convertible notes for agent growth
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- Issued $5M aggregate principal to two accredited investors, including chairman Scott Flanders.
- Notes mature Oct 1, 2026; interest = SOFR + 4%, minimum 8%, paid quarterly in cash.
- Conversion price $4.25/share, ~85% premium over Sept 26 closing price.
- Proceeds to accelerate agent and transaction growth; no placement agent fees paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924103457/0001104659-24-103457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000110465924103457/tm2425063d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-103457

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