Corporate ActionJul 6, 2026, 04:12 PM
Fathom Amends Dagley Deal, Cancels 278K Shares; $3M Payment Deferred
AI Summary
Fathom Holdings Inc. announced an amendment to its Equity Purchase Agreement (EPA) related to the sale of Dagley Insurance Agency, LLC. The $3.0 million 'Third Payment' from the buyer, D6 Holdings, LLC, originally due May 3, 2026, has been deferred and will now be paid in three installments, with the final payment due September 1, 2026. Additionally, Nathan Dagley, the seller, agreed to the cancellation of 278,000 shares of Fathom Holdings common stock. The amendment also includes mutual releases of claims and an obligation for Fathom affiliates to continue utilizing Dagley Insurance's services for four years.
Key Highlights
- Fathom Holdings amended its Equity Purchase Agreement for the sale of Dagley Insurance.
- The $3.0 million 'Third Payment' from the buyer was deferred and split into three installments.
- A first installment of $985,000 was paid prior to the effective date.
- A second installment of $1,000,000 was due and paid on July 1, 2026.
- A third and final installment of $1,015,000 is due on September 1, 2026.
- Nathan Dagley agreed to the cancellation of 278,000 shares of Fathom Holdings common stock.
- Interest accrues at 1.50% per month on any late installment payments.
- Fathom affiliates are obligated to continue introducing clients to Dagley Insurance until May 2, 2028.
Price Impact
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