Corporate ActionJul 2, 2026, 05:27 PM
FatPipe to Raise Up to $10M via At-The-Market Offering
AI Summary
FatPipe, Inc. has entered into an At-The-Market Sales Agreement with H.C. Wainwright & Co., LLC to offer and sell shares of its common stock. The company may raise up to $10,000,000 in gross sales proceeds through this ATM offering. Wainwright will act as the sales agent and receive a 3.0% commission on gross proceeds, with sales conducted as "at the market offerings" under Rule 415.
Key Highlights
- FatPipe entered an At-The-Market Sales Agreement with H.C. Wainwright & Co., LLC.
- The company may sell common stock with gross sales proceeds up to $10,000,000.
- H.C. Wainwright & Co., LLC will act as sales agent or principal.
- Wainwright will receive a commission of 3.0% of gross proceeds from each sale.
- Sales will be made as "at the market offerings" under Rule 415.
- The company has no obligation to sell any shares and can suspend or terminate the agreement.
Price Impact
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