FatPipe published a CEO letter clarifying its Form S-3 registration and saying the ATM program has not been used.
Key Highlights:
- Filed a Form S-3 to give the company flexibility to raise capital for accretive acquisitions or large customer orders.
- CEO says the ATM at-the-market program has not been used and no shares have been issued or sold under it to date.
- Any use of the ATM will consider capital needs, market conditions, strategic fit and shareholders’ best interests.
- Management reiterates focus on executing strategy, expanding customers/partners and delivering networking and cybersecurity solutions.
Original SEC Filing:
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