FatPipe, Inc. secured a $5.0 million term loan from Fortis Bank in March 2025. This financing move provides the company with additional capital to support its ongoing business operations and strategic initiatives.
A portion of the new loan, specifically $3.0 million, was utilized to repay an existing loan. This demonstrates FatPipe's proactive approach to managing its debt structure and optimizing its financial resources.
Management believes that these funding sources, including the new term loan, are sufficient to meet the company's business requirements for the next 12 months and beyond. This enhances FatPipe's liquidity position and supports its growth plans.
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