FatPipe, Inc. announced the successful closing of its underwritten initial public offering on April 9, 2025. The company issued and sold 695,656 shares of common stock at a public offering price of $5.75 per share. This offering generated aggregate gross proceeds of $4 million for FatPipe.
The shares of common stock commenced trading on the Nasdaq Capital Market on April 8, 2025, under the ticker symbol "FATN." This marks a significant milestone for FatPipe, transitioning it to a public entity and providing access to capital markets.
In connection with the offering, the underwriters were granted a 45-day over-allotment option to purchase up to an additional 104,348 shares of common stock at the public offering price. The capital infusion from the IPO is earmarked to fund sales growth and support internally generated funds, enabling the company to execute its core business strategy.
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