Combination Unites Fathom's Real Estate Technology Platform with Bed Bath & Beyond's Brand and Customer Reach to Redefine the Homeownership Lifecycle
Transaction Implies Equity Value of Approximately $53.38 Million for Fathom Holdings Inc.
Fathom Holdings Inc. (Nasdaq: FTHM) ("Fathom"), a national, technology-driven real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings, today announced that it has entered into a definitive merger agreement to be acquired by Bed Bath & Beyond, Inc. (NYSE: BBBY) ("Bed Bath & Beyond") in an all-stock transaction.
The transaction implies an equity value for Fathom of approximately $53.38 million and reflects an exchange ratio of 0.2236 shares of Bed Bath & Beyond common stock for each Fathom share, subject to certain adjustments at closing of the transaction.
Bed Bath & Beyond is building Everything Home, a strategy centered on three interconnected pillars: Homeownership & Transactions, Omnichannel Commerce and Home Services. The acquisition expands Bed Bath & Beyond's Homeownership & Transactions pillar by adding Fathom's capabilities across brokerage, mortgage, title, insurance and homeowner financial services. Combined with Bed Bath & Beyond's Omnichannel Commerce platform and growing Home Services business, these capabilities are expected to create a unified platform centered around homeowners, their homes, and the neighborhoods where they live.
Fathom's integrated platform and technology capabilities complement Bed Bath & Beyond's Everything Home strategy and are expected to accelerate the combined company's vision to create the nation's first end-to-end homeownership platform. Fathom believes that this combination represents a transformational opportunity to expand its market reach, enhance its technology investments, and deliver compelling long-term value for Fathom shareholders, agents, and stakeholders.
Fathom expects the combination to provide immediate access to millions of Bed Bath & Beyond customers at key moments in the homeownership journey, creating a seamless connection between home buying, financing, and furnishing. The transaction is also expected to provide Fathom with enhanced scale and resources, including greater capital access to invest in its technology platform and agent network. Together with Bed Bath & Beyond's nationally recognized brand, the combination is expected to amplify Fathom's market presence while unlocking significant cross-selling synergies and new monetization opportunities across home services and products.
By combining technology, data, and intelligence across its three pillars, the combined company believes it can better anticipate customer needs, allocate resources, and deliver more relevant experiences at the local level. The transaction is also expected to generate increased revenue opportunities through integrated offerings, accelerate adoption of Fathom's intelliAgent technology platform, create operational efficiencies through shared infrastructure, and improve customer acquisition and retention across the home lifecycle.
Further, the Company announced that Adam Rothstein, a current member of Fathom's Board of Directors, has been appointed Interim Chief Executive Officer, and that Daniel Weinmann, the Company's vice president of finance, has been appointed Chief Financial Officer, effective immediately.
"This transaction marks a transformational opportunity for Fathom and our shareholders," said Adam Rothstein, Interim Chief Executive Officer of Fathom. "By combining with Bed Bath & Beyond, we meaningfully expand our ability to deliver a fully integrated, technology-driven experience for agents and consumers, and it positions us for long-term growth. Bed Bath & Beyond's broad customer reach and strong brand recognition, paired with our scalable real estate technology platform, creates a compelling opportunity to redefine the homeownership lifecycle and build lasting value for our shareholders."
The transaction is expected to close in the second half of 2026, subject to the satisfaction or waiver of customary closing conditions, including the approval of Fathom's stockholders, and the receipt of required regulatory approvals. Additional details regarding the transaction will be provided in filings with the Securities and Exchange Commission (the "SEC").
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings through its proprietary cloud-based software, intelliAgent. Fathom's brands include Fathom Realty, Encompass Lending, intelliAgent, Real Results, and Verus Title. For more information, visit www.FathomInc.com.
