FatPipe, Inc. has announced the pricing of its initial public offering (IPO) of 695,656 shares at a public offering price of $5.75 per share. The shares have received approval for listing on the Nasdaq Capital Market and are set to begin trading on April 8, 2025, under the ticker symbol “FATN.”

The company expects to generate aggregate gross proceeds of $4 million from this offering, prior to deducting underwriting discounts and other expenses. Additionally, FatPipe has granted underwriters a 45-day option to purchase up to 104,348 additional shares at the public offering price, less underwriting discounts. The closing of the IPO is anticipated to occur on or about April 9, 2025, subject to customary closing conditions.

D. Boral Capital LLC is acting as the Sole Book-Running Manager for the offering. Legal counsel for the Company is provided by Sichenzia Ross Ference Carmel LLP, while Lucosky Brookman LLP is representing the underwriters.

A registration statement for the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on February 12, 2025. A post-effective amendment was approved on March 17, 2025. The offering of the shares will be conducted only through a prospectus, which will be available on the SEC's website or from D. Boral Capital LLC.