Fathom Holdings Prices 3 Mln Underwritten Public Offering At $2/shr

(RTTNews) - Fathom Holdings Inc. (FTHM), a technology-driven real estate services platform, Friday announced the pricing of an underwritten public offering of 3 million shares of its common stock at a price of $2 per share.

The company expects to receive approximately $5.4 million as net proceeds from the offering, which it intends to use for corporate-related purposes.

The company has granted Roth Capital upto 45 days to purchase upto an additional 15 percent of the common shares.

The transaction is expected to close on September 22.

As of this writing, shares are trading 16.25% or 0.4 cents lower at $2.01 on the Nasdaq.