Lucosky Brookman LLP Acts as Counsel to Underwriter in FatPipe, Inc.’s $4 Million Initial Public Offering
Lucosky Brookman LLP is pleased to announce that it acted as counsel to the underwriter in connection with the initial public offering of FatPipe, Inc. (“FatPipe” or the “Company”).
FatPipe, a pioneer in enterprise-class, application-aware, secure software-defined wide area network (SD-WAN) solutions for enterprises, communication service providers, security service providers, government organizations, and middle-market companies, closed its underwritten initial public offering of 695,656 shares of common stock at a public offering price of $5.75 per share.
Shares of FatPipe’s common stock began trading on the Nasdaq Capital Market under the ticker symbol “FATN” on April 8, 2025. The Company received gross proceeds of $4 million from the offering, before deducting underwriting discounts and other related expenses.
In connection with the offering, the Company granted the underwriters a 45-day over-allotment option to purchase up to an additional 104,348 shares of common stock at the public offering price, less underwriting discounts. The closing of the initial public offering took place on April 9, 2025.
Lucosky Brookman LLP served as legal counsel to the underwriter. D. Boral Capital LLC acted as the Sole Book-Running Manager for the offering.