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NEW YORK CITY, NY / ACCESS Newswire / April 10, 2025 / On April. 9, 2025, FatPipe, Inc. ("FatPipe" or the "Company"), a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies, announced the closing of its underwritten initial public offering of 695,656 shares of common stock at a public offering price of $5.75 per share. The shares of common stock commenced trading on the Nasdaq Capital Market on April 8, 2025, under the ticker symbol "FATN."
The Company received aggregate gross proceeds of $4 million from the offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day over-allotment option to purchase up to an additional 104,348 shares of common stock at the public offering price, less underwriting discounts. The closing for the initial public offering occurred on April 9, 2025.
D. Boral Capital LLC acted as the Sole Book-Running Manager for the offering.
Sichenzia Ross Ference Carmel LLP, New York, NY, acted as counsel to the Company, and Lucosky Brookman LLP, Woodbridge, NJ, acted as counsel to the underwriter in connection with the offering.
A registration statement on Form S-1 (File No. 333-280925) relating to the offering was filed with the U.S. Securities and Exchange Commission ("SEC"), as amended and was declared effective by the SEC on February 12, 2025. A post-effective amendment to the registration statement on Form S-1 relating to the offering was filed with SEC and was declared effective by the SEC on March 17, 2025. The offering of the securities was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus may be obtained, when available, at the SEC's website at www.sec.gov or from D. Boral Capital LLC, Attention: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at info@dboralcapital.com, or by telephone at +1(212)-970-5150.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About FatPipe, Inc.
FatPipe, Inc. a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. FatPipe's network optimization solutions, along with robust cybersecurity and SASE protection, provide organizations with superior network performance and corporate security. FatPipe provides highly recognized intra-corporate wide area network solutions that transcend internet and other network failures to maintain business continuity and high transmission security. FatPipe's network monitoring, reporting, and alerting, reduce the time and effort required by network administrators leading to more efficient network operations.