Fathom ups bridge note to $3.036M, secures waiver on convertible note defaults until Oct 2026

Fathom Holdings Inc.

Amended bridge note with Bed Bath & Beyond: principal increased from $2M to $3,036,350 ($1M additional plus $36,350 accrued interest).
Waiver of existing defaults (late Q1 10-Q filing) from convertible note holders; waiver period runs through Oct 1, 2026.
Interest rate floor on convertible notes raised from 8% to 10%; 18% default rate applies during the filing delinquency period.
Waiver terminates automatically if Q1 10-Q not filed by Oct 1, 2026, or upon a failed change-of-control event; acceleration rights revive.
Company to reimburse holders' legal fees up to $5,000 for negotiating the waiver.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fathom Holdings Inc. amended Amended and Restated Bridge Note with Bed Bath & Beyond, Inc. valued at aggregate original principal amount of $3,036,350 (effective 2026-05-29).

Action: amendment
Agreement: notes offering
Counterparty: Bed Bath & Beyond, Inc.
Value: aggregate original principal amount of $3,036,350
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, the parties to the Original Bridge Note agreed to amend and restate the Original Bridge Note (the “Amended and Restated Bridge Note”) to, among other things, increase the original principal amount by $1,000,000 (the “Additional Principal Amount”), for an aggregate original principal amount of $3,036,350, including $36,350 of accrued interest on the original principal amount as of May 29, 2026.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fathom Holdings Inc. amended Limited Waiver and Omnibus Amendment to the Senior Secured Convertible Promissory Notes with two accredited investors (effective 2026-05-29).

Action: amendment
Agreement: notes offering
Counterparty: two accredited investors
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, the Company and the Holders entered into a Limited Waiver and Omnibus Amendment to the Senior Secured Convertible Promissory Notes (the “Waiver”).

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329 material agreements filed in the last 30 days. Browse all material agreements →

Fathom Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-040235

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