IPO - Fatpipe Inc/UT

Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Ipo

Type: New

Accession Number: 000164117225003850

Filing Summary: On April 7, 2025, FatPipe, Inc. entered into an Underwriting Agreement with D. Boral Capital LLC to conduct an initial public offering (IPO) of shares. The company agreed to sell 695,656 shares of its common stock at an initial price of $5.75 per share. The shares were registered under a Form S-1 registration statement, which was declared effective by the SEC earlier in 2025. The offering closed on April 9, 2025, generating approximate gross proceeds of $4,000,000. The stock began trading on Nasdaq under the ticker symbol 'FATN' on April 8, 2025. The document also includes details about press releases related to the pricing and closing of the offering, and clarifications on forward-looking statements.

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Form Type: 424B4

Filing Date: 2025-04-09

Corporate Action: Ipo

Type: New

Accession Number: 000164117225003434

Filing Summary: FatPipe, Inc. is launching its initial public offering (IPO) of 695,656 shares of common stock at an initial price of $5.75 per share. The underwriters are D. Boral Capital LLC, who have an option to purchase an additional 104,348 shares to cover over-allotments within 45 days following the closing of the offering. The total proceeds from this offering are projected to be approximately $3.74 million before expenses. FatPipe's shares will be listed on The Nasdaq Capital Market under the symbol 'FATN.' The company is positioned within the software-defined wide area network (SD-WAN) sector, providing enterprises with secure and reliable connectivity solutions. There is no prior public market for FatPipe’s common stock. The offering is considered an emerging growth company, allowing for simplified reporting requirements. The shares are expected to be delivered to purchasers around April 9, 2025. Investors are advised to carefully consider the risks involved as outlined in the prospectus, which includes operational unpredictability, reliance on reselling partners, and the rapid evolution of network security technology.

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Form Type: POS AM

Filing Date: 2025-03-11

Corporate Action: Ipo

Type: New

Accession Number: 000149315225009869

Filing Summary: On March 11, 2025, FatPipe Inc. filed a Post Effective Amendment No. 1 to Form S-1 in connection with its initial public offering (IPO) of 740,740 shares of common stock. The expected price range for the shares is between $5.75 and $7.75. The company plans to list its common stock on Nasdaq under the symbol 'FATN'. Upon completion of the offering, the company will have approximately 13.8 million shares outstanding if the underwriters exercise their option to purchase additional shares. The net proceeds from the offering are projected to be about $4.2 million, allocated primarily towards sales and marketing, enhancing customer support operations, and general corporate purposes, along with research and development. Investing in these securities is deemed to carry high risks, as outlined in the prospectus, with potential volatility in operating results and dependence on reselling partners. FatPipe offers innovative SD-WAN solutions, aiming to meet the growing complexities in network management and security. The company holds 13 patents related to its SD-WAN technology. Investors should meticulously review risks before proceeding with investments.

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Form Type: 8-A12B

Filing Date: 2025-03-05

Corporate Action: Ipo

Type: New

Accession Number: 000149315225009111

Filing Summary: FatPipe, Inc., a Utah corporation, is filing this Form 8-A for the registration of its common stock, no par value per share, with The NASDAQ Stock Market LLC. The purpose of this registration is to facilitate the listing of the shares on the stock market. The common stock description is included in the prospectus related to the previously filed Registration Statement on Form S-1 (Registration No. 333-280925), which outlines pertinent details of the securities. No exhibits are included with this filing as no other securities of the company are registered with NASDAQ. The filing is signed by Ragula Bhaskar, Ph.D., the Chief Executive Officer and Chairman of FatPipe, Inc.

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Form Type: CORRESP

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000149315225006095

Filing Summary: FatPipe, Inc. has filed a request for the effective date acceleration of its Registration Statement on Form S-1, with File No. 333-280925. The company has requested that the statement be declared effective at 5:00 p.m. Eastern Time on February 12, 2025, or as soon thereafter as practicable. The request is made in compliance with Rule 461 under the Securities Act of 1933. The request is signed by Bhaskar Ragula, the Chief Executive Officer of FatPipe, Inc.

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Form Type: CORRESP

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000149315225006096

Filing Summary: D. Boral Capital LLC, representing the underwriters, has submitted a request for acceleration of effectiveness for FatPipe, Inc.'s Registration Statement on Form S-1. The request aims for the registration statement to become effective at 5:00 p.m. Eastern Time on February 12, 2025, or as soon thereafter as practicable. The document outlines compliance with regulations regarding the distribution of the preliminary prospectus to underwriters and dealers, indicating readiness for the public offering under the Securities Act of 1933.

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Form Type: S-1/A

Filing Date: 2025-02-07

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005386

Filing Summary: This document represents Amendment No. 6 to the Registration Statement under the Securities Act of 1933 for FatPipe Inc., a small reporting and emerging growth company based in Utah. The amendment updates certain exhibits in the previous filing. Key exhibits include the Form of Underwriting Agreement and various Articles of Incorporation and Bylaws related to FatPipe, dated between 2009 and 2024. The registrant has indicated an approximate date for public sale as soon as the registration statement becomes effective and confirms its compliance with regulatory requirements for the offering. The undersigned registrant has made necessary declarations regarding liability and indemnification policy and outlines its responsibilities in connection with the offering and subsequent amendments.

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Form Type: S-1/A

Filing Date: 2025-02-05

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225005047

Filing Summary: FatPipe, Inc. is moving forward with its initial public offering, intending to offer 740,740 shares of common stock with an expected price range of $5.75 to $7.75 per share. There will be an option for underwriters to purchase an additional 111,111 shares for over-allotments. The IPO proceeds are estimated to net approximately $4.2 million, an amount earmarked for sales and marketing enhancements, customer support improvements, and general working capital. The company showcases its commitment to the SD-WAN market, detailing its solutions and competitive edge as an emerging growth company. There are identified risks related to market competition, management, reliance on reselling partners, and delays in the effectiveness of its proposed solutions. The proposed listing will be on The Nasdaq Capital Market under the symbol "FATN."

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Form Type: S-1/A

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000149315224051809

Filing Summary: FatPipe Inc. is an emerging company specializing in enterprise-class software-defined wide area network (SD-WAN) solutions, with the aim of providing secure and reliable network connectivity for organizations globally. The company's preliminary prospectus outlines an initial public offering (IPO) for its common stock and details a planned listing on the Nasdaq Capital Market under the symbol 'FATN.' The offering will comprise newly issued shares, with the pricing not yet established, and is expected to support business expansion through funds directed toward sales, marketing, and research and development. FatPipe emphasizes the importance of robust network infrastructure in a cloud-first environment and plans to leverage technology innovations to meet market demands. They face risks typical of technology companies, including dependency on partners and the need to manage competitive pressures. The registration statement highlights that there has not previously been a public market for FatPipe's common stock, stating the anticipated size and terms of the offering, including warrants issued to underwriters and covering potential over-allotments.

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Form Type: CORRESP

Filing Date: 2024-11-14

Corporate Action: Ipo

Type: Update

Accession Number: 000149315224046034

Filing Summary: On November 14, 2024, FatPipe, Inc. submitted a response to comments from the SEC regarding their Amendment No. 1 to the S-1 Registration Statement filed on October 25, 2024. The letter clarifies the company's reliance on distribution partners for revenue and updates financial disclosures including the percentage of total revenue from these partners and revisions to the Adjusted EBITDA calculation for the fiscal year ended March 31, 2024. The Company has also made updates to its Consolidated Statements of Stockholders' Equity and disclosed remaining performance obligations as of September 30, 2024.

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Form Type: CORRESP

Filing Date: 2024-10-25

Corporate Action: Ipo

Type: Update

Accession Number: 000149315224042551

Filing Summary: FatPipe, Inc. submitted an amendment to its Registration Statement on Form S-1, initially filed on July 19, 2024, in response to the SEC staff comments dated August 2, 2024. The company addressed several key points, including discrepancies in the number of shares outstanding and the issuance of restricted stock units (RSUs) that the executives ultimately chose to forego. The amendment clarifies the financial disclosures including revenue recognition, capitalization, and dilution impacts due to RSUs, aligning with ASC requirements. The company also restated its fiscal 2023 financial statements to reflect accurate accounting for revenues and expenses, along with the necessary explanatory notes that address previous reporting inaccuracies and their impact on net income and cash flows.

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Form Type: DRSLTR

Filing Date: 2024-01-12

Corporate Action: Ipo

Type: Update

Accession Number: 000149315224002264

Filing Summary: FatPipe, Inc. has submitted a draft registration statement on Form S-1 to the SEC, addressing staff comments regarding their business operations, product offerings, and revenue recognition practices. The company confirmed no commissioned data sources were used, and clarified that all technologies are available for commercial sale. It mentioned increased revenues due to new software licensing contracts and clarified financial issues related to prior periods. The company is reviewing its internal controls and has enhanced disclosures regarding its revenue recognition policy to align with ASC 606 standards. Additionally, they are in discussions for geographic expansion licensing, specifically in North America and Southeast Asia. The report also touched on adjustments for non-GAAP measures and the need for disclosure surrounding channel partner revenue contributions. Overall, the company is preparing for a public offering while enhancing its disclosure practices to address comments from the SEC staff.

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