Fathom announces $5M convertible note placement

Fathom Holdings entered into a securities purchase agreement, under which the Company sold and issued senior secured convertible promissory notes in aggregate principal amount of $5 million to an existing shareholder, who owns more than 5% of Fathom’s common stock, and the chairman of the Company’s Board of Directors. Fathom intends to use the net proceeds from the private placement to accelerate agent and transaction growth.