Fathom Holdings extends convertible notes maturity to November 30, 2026
FTHM•Fathom Holdings amended its senior secured convertible notes with two accredited investors, extending their maturity from November 1 to November 30, 2026. The notes carry 18% annual interest, and holders earn weekly fees of 0.5% of outstanding principal on four dates in November.
1. Maturity extended
Fathom Holdings entered a third amendment to its Senior Secured Convertible Promissory Notes with two accredited investors on November 2, 2026, extending maturity from November 1 to November 30.
2. Interest and fees
Outstanding principal continues to bear 18% annual interest, and accrued interest also accrues interest at 18%. Holders earn fees of 0.5% of outstanding principal on November 9, 16, 23 and 30. Accrued interest and extension fees are deferred until maturity, but are payable earlier upon applicable conversion, prepayment or acceleration.
