Fathom raises interest floor on senior convertible notes to 10% under waiver deal

Fathom Holdings, Inc.

Fathom Holdings, Inc.

FTHM

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  • Fathom amended and restated its subordinated secured promissory note with Bed Bath & Beyond on May 29, 2026, lifting principal to USD 3.04 million.
  • The increase includes USD 1 million of new money, taking total principal from USD 2 million, plus USD 36,350 of accrued interest.
  • Holders of the Senior Secured Convertible Promissory Notes granted a waiver of filing-related defaults through Oct. 1, 2026.
  • The waiver lifts the minimum interest-rate floor to 10%; interest jumps to 18% during the uncured filing default period.
  • If the Q1 10-Q is not filed by Oct. 1, 2026, the waiver terminates, enabling default remedies including acceleration.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fathom Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-040235), on June 03, 2026, and is solely responsible for the information contained therein.

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