The ATM cap reduction signals management is not urgently raising capital, which is mildly positive given the concurrent merger termination. Monitor the Q3 2026 earnings release for actual revenue and margin figures to validate the preliminary guidance.
Price Chart
Executive Summary
Neighborhood Intelligence, Inc. (NXH) filed a 424B5 prospectus supplement reducing its ATM offering capacity from $200M to $75M, with only ~$2.9M drawn to date. This filing is concurrent with the termination of the Fathom Holdings merger agreement and a business update citing strong revenue momentum and gross margin exceeding 30%.
Key Facts
- ATM program maximum reduced from $200,000,000 to $75,000,000
- Only ~$2.9 million in gross proceeds sold under the ATM program as of filing date
- Merger agreement with Fathom Holdings (FTHM) terminated by mutual consent on October 5, 2026
- Company reports preliminary Q3 2026 gross margin expected to exceed 30%, ahead of prior target
- Company states it does not anticipate pursuing additional acquisitions, focusing on organic growth
- Filing is an amendment to an existing S-3 shelf registration (File No. 333-297978)
Financial Impact
Reduction in potential dilution from $200M to $75M; only $2.9M drawn to date. No new shares issued in this filing.
Risk Factors
- Preliminary Q3 estimates are subject to final review and may differ materially
- Merger termination removes anticipated synergies and growth pathway
- Company has a history of name changes (formerly Bed Bath & Beyond, Beyond, Overstock.com), indicating business transformation risk
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001140361-26-038554 |
| Document: 0001140361-26-038554-index-headers.html | 0001140361-26-038554 |
| Document: 0001140361-26-038554-index.html | 0001140361-26-038554 |
| Document: 0001140361-26-038554.txt | 0001140361-26-038554 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 3 | $1.62 $1.40 | ▼ −13.58% | ▼ −14.03% | $1.64 (+1.23%) |
Oct 6, 2026 20d ago | 25-NSE | $1.78 $1.62 | ▼ −8.99% | ▼ −8.01% | $1.64 (−7.87%) |
Oct 6, 2026 20d ago | 8-K | $1.78 $1.62 | ▲ +8.99% | ▲ +8.01% | $1.64 (+7.87%) |
Oct 6, 2026 20d ago | 424B5 | $1.83 $1.63 | ▲ +10.93% | ▲ +10.79% | $1.64 (+10.38%) |
Oct 5, 2026 21d ago | 8-K | $1.83 $1.63 | ▼ −10.93% | ▼ −10.79% | $1.64 (−10.38%) |
Oct 5, 2026 21d ago | 424B5 | $2.06 $1.62 | ▼ −21.36% | ▼ −21.78% | $1.64 (−20.39%) |
Oct 5, 2026 21d ago | 8-K | $2.06 $1.62 | ▼ −21.36% | ▼ −21.78% | $1.64 (−20.39%) |
Aug 18, 2026 9w ago | DEFA14A / EFFECT | $4.27 $4.01 | ▲ +6.09% | ▲ +5.70% | $1.64 (+61.59%) |
US Market Status
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