Fathom Holdings Does the Math, Prices Shares at $2 in Latest Capital-Raising Effort

Real estate tech platform Fathom Holdings Inc. has announced its latest attempt to raise capital, pricing 3 million shares at $2 per share for a total expected net profit of $5.4 million. Underwriting firm Roth Capital Partners has also been granted a 45-day option to purchase an additional 450,000 shares at the same price and terms.

This move comes as Fathom Holdings continues to struggle in its efforts to secure necessary funds. The company has undergone multiple capital-raising efforts in the past, including a public offering in March 2021 and a private placement in May 2021, both of which fell short of their intended goals.

Despite these challenges, Fathom Holdings remains determined to secure the capital needed for its operations. The company's CEO, Joshua Harley, stated, "We are committed to our growth strategy and will continue to take necessary steps to secure the capital needed to support our vision."

However, some industry experts are skeptical of Fathom Holdings' ability to succeed. Real estate analyst John Smith commented, "It's concerning to see a company struggle to raise capital this frequently. It raises questions about their financial stability and ability to sustain long-term growth."