ClarificationJul 23, 2026, 11:31 AM
FatPipe CEO Clarifies S-3 Filing and At-the-Market Program
AI Summary
FatPipe, Inc. CEO, Dr. Ragula Bhaskar, issued a letter to shareholders clarifying the company's recently filed Form S-3 registration statement and at-the-market (ATM) offering program. The CEO stated that the S-3 provides flexibility to access capital for potential accretive acquisitions or large customer orders. He also confirmed that no shares have been issued or capital raised under the ATM program to date, and any future utilization would prioritize shareholder value.
Key Highlights
- FatPipe CEO published a letter to shareholders regarding the recently filed Form S-3 registration statement.
- The letter provides additional context on the S-3 and at-the-market (ATM) offering program.
- The S-3 offers flexibility to access capital for potential accretive acquisitions or large customer orders.
- FatPipe has not issued or sold any shares, nor raised capital under the ATM program to date.
- Any decision to utilize the ATM will consider capital needs, market conditions, strategic opportunities, and shareholder interests.
- Management emphasizes its focus on executing business strategy and creating long-term shareholder value.
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