Fathom Enters Securities Purchase Agreement, Under Which It Sold And Issued Senior Secured Convertible Promissory Notes Of $5M
Portfolio Pulse from Benzinga Newsdesk
Fathom has entered into a securities purchase agreement, selling and issuing senior secured convertible promissory notes worth $5 million.
September 26, 2024 | 8:46 pm
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Fathom has secured $5 million through the issuance of senior secured convertible promissory notes, which could provide the company with additional liquidity and financial flexibility.
The issuance of $5 million in senior secured convertible promissory notes suggests that Fathom is bolstering its financial position. This move could be seen positively by investors as it provides the company with additional liquidity and flexibility to manage its operations or invest in growth opportunities.
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