Fathom Holdings Announces $10.0 Million Share Repurchase Program

CARY, N.C., March 14, 2022 /PRNewswire/ — Fathom Holdings Inc. (Nasdaq: FTHM), a countrywide, technology-pushed, stop-to-end true estate products and services platform integrating household brokerage, home loan, title, insurance coverage, and SaaS choices for brokerages and brokers, today announced that its board of administrators has licensed a share repurchase software underneath which the Organization may possibly repurchase up to $10. million of its remarkable shares of common stock. The share repurchase authorization does not have a set expiration.

“The share repurchase plan underscores the board’s, and management’s, complete self-assurance in our Company, together with the solid business momentum we are experiencing and the progress alternatives we see in advance,” explained Fathom CEO Joshua Harley. “The choice to adopt the share repurchase plan was made in see of the recent selling price at which the Firm’s stock is investing. We imagine this decision displays our disciplined strategy to capital allocation, and with the Firm’s money place, we really feel self-confident that we will nevertheless have enough capacity to proceed to execute on our accelerated advancement tactic.”

Beneath the method, repurchases can be designed from time-to-time working with a range of procedures, together with open industry transactions, privately negotiated transactions or by other implies, which includes by means of the use of investing options meant to qualify under Rule 10b5-1 underneath the Securities Trade Act of 1934, as amended. The real timing and amount of long term repurchases are subject matter to business enterprise and market place circumstances, company and regulatory needs, inventory price tag, acquisition prospects and other variables. The repurchase method does not obligate the Business to receive any certain selection of shares and could be suspended or discontinued at any time at the Company’s discretion.

About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, engineering-driven, authentic estate services platform integrating residential brokerage, property finance loan, title, insurance plan, and SaaS choices to brokerages and agents by leveraging its proprietary cloud-dependent computer software, intelliAgent. The Company’s models include things like Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Genuine Benefits, and Verus Title. For extra data, take a look at www.FathomInc.com.

Cautionary Take note About Ahead-Looking Statements                                                                 
This press launch has “ahead-hunting statements,” such as, but not limited to, adoption and expectations of, and assumptions about, the share repurchase program. Forward-on the lookout statements are issue to a lot of circumstances, lots of of which are further than the handle of the Enterprise, together with: hazards associated to making use of our income for the inventory repurchase plan, which includes possible constraints on our capability to develop pitfalls associated with creating and integrating acquisitions technology risks challenges in effectively running swift development in our business reliance on essential personnel aggressive threats our need to attain profitability and/or increase extra cash for functions and future progress and the other individuals set forth in the Chance Aspects portion of the Firm’s most the latest Type 10-K as submitted with the SEC and supplemented from time to time in other Enterprise filings built with the SEC. Copies of our Variety 10-K and other SEC filings are offered on the SEC’s web page, www.sec.gov. The Business undertakes no obligation to update these statements for revisions or adjustments right after the day of this launch, other than as demanded by regulation.  

Source Fathom Realty