FatPipe Inc. Files S-1/A for IPO

TL;DR

FatPipe IPO filing updated. Get ready.

AI Summary

FatPipe, Inc. filed an S-1/A amendment on February 5, 2025, for its initial public offering. The company, incorporated in Utah with its principal executive offices at 392 E. Winchester Street, Salt Lake City, UT 84107, is seeking to register an unspecified number of shares. The filing indicates a fiscal year end of March 31 and lists Ragula Bhaskar and Sanchaita Datta as key contacts.

Why It Matters

This S-1/A filing is a crucial step for FatPipe, Inc. as it moves closer to becoming a publicly traded company, potentially impacting its valuation and access to capital.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it represents a company in the process of going public, which inherently carries higher risks than established public companies.

Key Numbers

• 333-280925 — SEC File Number (Identifies the specific SEC registration)
• 0001993400 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• FatPipe, Inc. (company) — Registrant
• 20250205 (date) — Filing Date
• 392 E. Winchester Street, Fifth Floor, Salt Lake City, Utah 84107 (address) — Principal Executive Offices
• 801-560-2003 (phone_number) — Business Phone
• Ragula Bhaskar (person) — Key Contact
• Sanchaita Datta (person) — Key Contact
• Darrin M. Ocasio, Esq. (person) — Legal Counsel
• Matthew Siracusa, Esq. (person) — Legal Counsel
• Sichenzia Ross Ference Carmel LLP (company) — Legal Counsel
• Joseph Lucosky, Esq. (person) — Legal Counsel

FAQ

Key Financial Figures

• $5.75 — ffering price is expected to be between $5.75 and $7.75 per share of common stock.
• $7.75 — ice is expected to be between $5.75 and $7.75 per share of common stock. We intend
• $5.3 billion — area network market is forecasted to be $5.3 billion for 2023, growing to more than $8 billi
• $8 billion — billion for 2023, growing to more than $8 billion by 2026 (https://www.sdxcentral.com/art
• $15 billion — ual growth rate of 36%, reaching almost $15 billion by 2025 (https://www.gartner.com/en/doc
• $4.5 billion — y the Maia Research Report to grow from $4.5 billion in 2022 to over $17.6 billion in 2030.
• $17.6 billion — grow from $4.5 billion in 2022 to over $17.6 billion in 2030. The Maia Research Report also
• $6.4 billion — E software and platforms to expand from $6.4 billion in 2022 to $27.2 billion in 2030, and t
• $27.2 billion — to expand from $6.4 billion in 2022 to $27.2 billion in 2030, and the total market for NMS t
• $2.0 billion — d the total market for NMS to grow from $2.0 billion to $4.4 billion over the same period. E
• $4.4 billion — et for NMS to grow from $2.0 billion to $4.4 billion over the same period. Each of these ind
• $4.2 m — in this offering will be approximately $4.2 million, after deducting estimated underw
• $4.9 million — rom this offering will be approximately $4.9 million. We plan to use approximately $3.8 mill
• $3.8 million — 9 million. We plan to use approximately $3.8 million of the net proceeds from this offering

Filing Documents

• forms-1a.htm (S-1/A) — 1712KB
• ex5-1.htm (EX-5.1) — 2KB
• ex23-1.htm (EX-23.1) — 5KB
• ex107.htm (EX-FILING FEES) — 21KB
• logo_001.jpg (GRAPHIC) — 5KB
• forms-1_001.jpg (GRAPHIC) — 650KB
• forms-1_002.jpg (GRAPHIC) — 91KB
• forms-1_003.jpg (GRAPHIC) — 727KB
• ex23-1_001.jpg (GRAPHIC) — 40KB
• ex23-1_002.jpg (GRAPHIC) — 57KB
• ex5-1_001.jpg (GRAPHIC) — 2010KB
• ex5-1_002.jpg (GRAPHIC) — 448KB
• 0001493152-25-005047.txt ( ) — 7284KB

DILUTION

DILUTION 30 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 31

BUSINESS

BUSINESS 41 MANAGEMENT 48 EXECUTIVE COMPENSATION 51 PRINCIPAL STOCKHOLDERS 53 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 54

UNDERWRITING

UNDERWRITING 55 DESCRIPTION OF SECURITIES 63 LEGAL MATTERS 65 EXPERTS 65 WHERE YOU CAN FIND MORE INFORMATION 65 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus. We have not authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. The information contained in this prospectus is accurate only as of the date of this prospectus. Our business, financial condition, results of operations and prospects may have changed since such date. Other than as required under the federal securities laws, we undertake no obligation to publicly update or revise such information, whether as a result of new information, future events or any other reason. The distribution of this prospectus and the offering of our securities in certain jurisdictions may be restricted by law. This prospectus does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so to any person to whom it is unlawful to make such offer or solicitation. See the section titled “Underwriting” beginning on page 55 of this prospectus. In this prospectus, references to “FatPipe,” “the Company,” “we,” “us,” and “our” refer to FatPipe, Inc. and its subsidiaries. Unless otherwise specified, all dollar amounts are expressed in United i INDUSTRY AND MARKET DATA This prospectus contains statistical data, estimates, and forecasts that are based on various sources, including independent industry publications and other publicly available information, as well as other information based on our internal sources. This information involves a number of assumptions and limitation

View Full Filing

View this S-1/A filing on SEC EDGAR