Termination of a Material Definitive Agreement · Results of Operations and Financial Condition · Regulation FD Disclosure
Item 1.02. Termination of a Material Definitive Agreement. On October 5, 2026, Neighborhood Intelligence, Inc. (“the Company”), a Delaware corporation, and Fathom Holdings, Inc., a North Carolina corporation (“FTHM”), mutually agreed to terminate the Merger Agreement and Plan of Reorganization, dated as of June 16, 2026 (the “Merger Agreement”), by and among the Company, Fathom Merger Sub, Inc., a…
Filed Oct 5, 2026Accepted Oct 5, 2026, 7:19 AM EDTCIK 1130713Accession 0001140361-26-038532
Neighborhood Intelligence (Nasdaq: NXH), previously Bed Bath & Beyond, Inc., is a data and technology company organized around three interconnected pillars: Omni-Channel Retail, Home Services and Home Ownership. Its portfolio includes Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland’s, The Container Store, Elfa and Closet Works, along with its expanding Home Services and Home Ownership businesses.
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Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02. Termination of a Material Definitive Agreement.
On October 5, 2026, Neighborhood Intelligence, Inc. (“the Company”),
a Delaware corporation, and Fathom Holdings, Inc., a North Carolina corporation (“FTHM”), mutually agreed to terminate the Merger Agreement and Plan of
Reorganization, dated as of June 16, 2026 (the “Merger Agreement”), by and among the Company, Fathom Merger Sub, Inc., a North Carolina Corporation and wholly
owned subsidiary of the Company, and FTHM (the “Termination”).
Pursuant to and in accordance with the Merger Agreement, the Company and FTHM have mutually agreed to terminate the Merger Agreement by mutual written
consent. The Merger Agreement provides that it may be terminated by the mutual written consent of the Company and FTHM, and upon such termination, the Merger Agreement shall immediately become null and void and each of the parties to the Merger
Agreement shall be relieved of their duties and obligations arising under the Merger Agreement after the date of such termination.
The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the
Merger Agreement, which was filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the SEC on June 17, 2026, and is incorporated herein by reference as Exhibit 2.1 to this Current Report on Form 8-K.
Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition
The information disclosed below in Item 7.01 under the heading “Business Update” is incorporated herein by reference to this Item 2.02.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD.
On October 5, 2026, the Company issued a press release announcing the Termination of the Merger Agreement. A copy of the press release is furnished
herewith as Exhibit 99.1 and incorporated herein by reference to this Item 7.01.
In addition, on October 5, 2026, the Company issued a press release that included the following update regarding its business:
Business Update
The Company continues to execute on strategy, with business trajectory of its base business firmly on track.
Strong Revenue Momentum and Margin Outperformance. The Company is seeing encouraging revenue momentum across its core business, while gross margin continues to show significant year-over-year improvement.
Based on current trends, gross margin is expected to exceed 30%, ahead of the Company’s previously stated target, reflecting continued improvement in business mix and operating execution.
Cost Reductions and Merger Synergies Ahead of Schedule. The Company has made significant progress removing costs from the business, while integration efforts and anticipated merger synergies are developing faster than originally expected. Management remains focused on accelerating these
opportunities while maintaining disciplined execution across the organization.
Focused on the Core Business and Organic Growth. As
the housing and consumer environment continues to evolve, the Company remains focused on strengthening its core business, driving organic revenue growth, improving margins and continuing to reduce its cost structure. At this time, the
Company does not anticipate pursuing additional acquisitions and intends to prioritize execution, integration and organic growth across its existing businesses.
The Company has provided information regarding its preliminary estimated results for selected unaudited financial information for the three months ended September 30, 2026.
The Company’s final results remain subject to management’s final review and adjustments, its other closing procedures, and any subsequent events. Accordingly, you should not place undue reliance on the Company’s preliminary estimated results for the
three months ended September 30, 2026, which may differ from actual results. During the course of the preparation of the Company’s unaudited condensed consolidated financial statements for the three months ended September 30, 2026 and the notes
thereto by management, additional items that require adjustments to the preliminary estimated results presented herein may be identified. For further discussion of some of the factors that may cause actual results to vary materially from the
preliminary estimated results provided above, see “Cautionary Note Regarding Forward-Looking Statements” and the information set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025
and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
The preliminary estimated financial information included in this Current Report on Form 8-K has been prepared on the basis of currently available information by, and is the
responsibility of, management and has not been reviewed by any third parties. The preliminary estimated results provided herein do not represent a comprehensive statement of the Company’s financial results and should not be viewed as a substitute for
the unaudited condensed consolidated financial statements prepared in accordance with GAAP. In addition, such preliminary estimated results are not indicative of the results to be achieved in any future period.
The information set forth in this Item 7.01 including the information set forth in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ef20083268_ex99-1.htm
Exhibit 99.1
Fathom Holdings and Neighborhood Intelligence Announce Mutual Termination of Proposed Merger
Boards conclude that current valuations do not reflect the fair value of either company; Neighborhood Intelligence to retain blockchain asset ownership
while the companies explore collaboration, including data sharing
CARY, N.C. and NASHVILLE, Tenn. - October [5], 2026 - Fathom Holdings Inc. (NASDAQ: FTHM) (“Fathom”) and Neighborhood Intelligence, Inc. (Nasdaq: NXH) (“NXH”) today announced that their respective Boards of Directors have mutually agreed to terminate the previously announced merger agreement between
the companies.
After careful consideration of the proposed transaction, the Boards of both companies concluded that proceeding with a merger at current valuations would not appropriately
reflect the fair value of either company for its shareholders. The companies believe the timing is not right to combine their businesses, and have mutually agreed to terminate the merger agreement.
Separately, following a review by its Board and management and discussions with shareholders, Neighborhood Intelligence determined that retaining ownership and control of
its blockchain…