FatPipe, Inc. (FATN) entered into a secured $4.5 million term loan and a working-capital revolver of up to $1.5 million with KeyBank on October 1, 2026. Approximately $4.47 million of term-loan proceeds repaid its Fortis Bank Small Business Administration loan in full that day, terminating it. Both facilities bear interest at the Adjusted Daily SOFR Index plus 3.00%, versus Prime Rate plus 1.00% on the prior loan. FatPipe expects an approximately 110-basis-point reduction in its annual borrowing rate based on benchmark rates at refinancing; actual savings depend on rates and outstanding principal.
Term-loan principal is payable in 35 monthly $75,000 installments beginning November 1, 2026, plus accrued interest, with remaining principal and unpaid interest due at its October 1, 2029 maturity. The revolver matures September 30, 2027, with monthly interest payments beginning November 1, 2026, and outstanding principal and accrued unpaid interest due then. FatPipe Technologies, Inc., its wholly owned subsidiary, guarantees both facilities, which are secured by substantially all personal property of both companies, including intellectual property. Covenants include quarterly financial tests and restrictions on debt, liens, acquisitions, investments, asset dispositions, dividends and repurchases; defaults may permit KeyBank to terminate further advances and accelerate obligations, subject to cure provisions.
Fatpipe Inc/UT (FATN) reported that effective September 11, 2026, Eric Sherb ceased serving as Chief Financial Officer and Principal Accounting Officer, and will continue in a consulting capacity to support an orderly transition. On the same date, the board appointed Kanishka Ragula, age 25, as Chief Financial Officer, principal financial officer and Principal Accounting Officer. Ragula previously served as Director of Finance at FatPipe and earlier worked in J.P. Morgan’s Technology Investment Banking group and at Institutional Venture Partners, gaining experience in M&A and capital markets transactions. His compensation includes an annual base salary of $175,000 and an equity grant approved by the board at the annual meeting. The company notes his appointment involves family relationships with the CEO and President but discloses no related-party transactions requiring additional reporting.
Fatpipe Inc/UT (FATN) reported the initial holdings of its Chief Financial Officer, Ragula Kanishka, in a Form 3 filing. The CFO is shown as directly holding 160,100 shares of the company’s Common Stock, with no new purchase or sale transactions reported.
FatPipe Inc. reported profitable results for the quarter ended June 30, 2026. Revenue was $5,031,538, up from $3,935,923 a year earlier, driven mainly by higher product revenue. Net income attributable to stockholders increased to $1,226,328, and gross margin remained very high at 92.2%.
Operating expenses rose, particularly general and administrative costs related to public-company operations and provisions on contract receivables, so income from operations edged down to $901,465. Despite profitability, operating activities used $679,047 of cash, and cash and equivalents fell to $4,308,342, while long-term debt totaled $4,140,158. Partner A provided 33.92% of quarterly revenue, indicating meaningful customer concentration. Adjusted EBITDA was $1,287,426. After quarter-end, the company filed a $20.0 million shelf registration and established a $10.0 million at-the-market equity program, under which future issuances could dilute existing shareholders.
FatPipe, Inc. reported first quarter fiscal 2027 results for the period ended June 30, 2026. Q1 2027 revenue was $5, a 28% increase from $3 in Q1 2026, driven by higher recurring billings, customer renewals, and new customer wins.
Q1 2027 net income was $1, compared with $0 a year earlier, and diluted EPS rose to $0.09 from $0.05. Adjusted EBITDA reached $1.3 million, with an Adjusted EBITDA margin of about 25.6%, up from $1.1 million in Q1 2026. Management highlighted continued demand for secure, high‑performance SD‑WAN and single‑stack cybersecurity solutions and an emphasis on disciplined execution and expanding channel relationships.
FatPipe, Inc. furnished a Regulation FD disclosure in which its Chief Executive Officer shared a letter to shareholders about the company’s recently filed Form S-3 registration statement and related at-the-market offering program. The letter explains that the registration statement is intended to provide flexibility to access capital in the future if needed.
The CEO states that any potential capital raised could support potential accretive acquisitions that complement the business or working capital to deploy large customer orders. He emphasizes that FatPipe has not issued or sold any shares or raised capital under the at-the-market program to date, and that any future use would depend on capital needs, market conditions, strategic opportunities, and the interests of shareholders. Management reaffirms its focus on executing the business strategy, expanding customer and partner relationships, delivering networking and cybersecurity solutions, and creating long-term shareholder value.
FatPipe, Inc. disclosed that it has been awarded a $7.0 million contract to provide its network edge products and network monitoring services to schools. The deployment is intended to improve network availability and visibility so that critical digital learning platforms, administrative systems, communications, and cloud-based applications remain accessible.
The solution is designed to let school administrators monitor network health, identify connectivity issues, and help restore connectivity more quickly. The award and ongoing deployment expand FatPipe’s presence in education and other public-sector markets. FatPipe highlights its SD-WAN and single-stack cybersecurity technology, supported by 13 U.S. patents and distribution through more than 200 resellers worldwide.
Turgeon Jean Pierre reported acquisition or exercise transactions in this Form 4 filing.
Fatpipe Inc/UT director Jean Pierre Turgeon received a grant of 1,000 shares of Common Stock on July 13, 2026. The award was recorded at a price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. Following this transaction, Turgeon holds 1,000 shares of Fatpipe Inc/UT common stock directly.
Tandon Ajay Hari reported acquisition or exercise transactions in this Form 4 filing.
Fatpipe Inc/UT director Ajay Hari Tandon reported a grant of 1,000 shares of Common Stock on July 13, 2026. The award was recorded at a price of $0.00 per share, reflecting a compensation-related grant rather than an open-market purchase. Following this non-derivative award, Tandon directly holds 1,000 shares of the company’s common stock.