secwatch.observer — SEC 8-K summary
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Issuer:     Fathom Holdings Inc. (FTHM)
CIK:        0001753162
Form:       8-K
Filed at:   2026-06-03T20:07:57+00:00
Accession:  0001628280-26-040235
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753162/000162828026040235/0001628280-26-040235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753162/000162828026040235/fthm-20260529.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-040235

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