Fathom Holdings (FTHM) closed a public offering of 3 million shares at $2 each, raising $5.4 million in net proceeds,
The underwriter has a 45-day option to purchase up to an additional 15% of the shares, Fathom said Monday in a statement.
The proceeds will be used to invest in sales and marketing initiatives, "pursue strategic opportunities that enhance our platform, and support ongoing operations," the company said.
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