Fathom Holdings and Neighborhood Intelligence — Q3 2026 Earnings Summary

Other Key Points

• Fathom Holdings Inc. (NASDAQ: FTHM) and Neighborhood Intelligence, Inc. (Nasdaq: NXH) mutually agreed to terminate their previously announced merger agreement.
• Boards of both companies concluded that current valuations do not reflect the fair value of either company for shareholders.
• Neighborhood Intelligence determined that retaining ownership and control of its blockchain and digital asset investments offers the greatest opportunity for shareholders to participate in their potential future value.
• Neighborhood Intelligence will maintain its ownership position in tZERO, which is expected to continue executing its strategic plan.
• Both companies intend to explore strategic collaboration, including data sharing and the use of complementary businesses, technology, and relationships, subject to appropriate agreements.
• The companies will remain independent and focused on their respective operating priorities.
• Forward-looking statements highlight risks regarding the termination's effect on business, relationships, operations, financial condition, and stock price.
• Risks include costs incurred in connection with the merger and its termination, Fathom's ability to execute its standalone strategy, and risks related to Fathom's outstanding senior secured convertible note and subordinated secured bridge note to NXH.
• Additional risks involve the volatility and regulatory treatment of blockchain assets, the value and liquidity of Neighborhood Intelligence's digital asset investments, and privacy, cybersecurity, and regulatory requirements for any data-sharing arrangements.