FatPipe, Inc. announces pricing of initial public offering and listing on NASDAQ

FatPipe, Inc. has set the price for its initial public offering at $5.75 per share, with a total of 695,656 shares available. The offering is expected to generate gross proceeds of $4 million before expenses. The shares have received approval for listing on NASDAQ under the ticker symbol “FATN” and will begin trading on April 8, 2025.

The offering includes a 45-day over-allotment option that allows underwriters to purchase an additional 104,348 shares at the public offering price. Closing of the offering is anticipated around April 9, 2025, pending customary closing conditions.

D. Boral Capital LLC is serving 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 represents the underwriters.

A registration statement for the offering was filed with the U.S. Securities and Exchange Commission and was declared effective in February and March 2025. The sale of these securities is conducted under a prospectus that is part of the registration statement, which will be available through Scope 1–3 Emission Calculator (SEC)'s website or directly from D. Boral Capital LLC.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or sale would be illegal.