Form 8-K
8-K — Fatpipe Inc/UT
Accession: 0001493152-26-042647
Filed: 2026-09-15
Period: 2026-09-14
CIK: 0001993400
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
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OMB
APPROVAL
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
OMB
Number: 3235-0060
Expires: October
31, 2024
Estimated
average burden
hours
per response 8.41
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) September 14, 2026
Fatpipe
Inc/UT
FATPIPE,
INC.
(Exact
name of registrant as specified in its charter)
Utah
001-42546
27-1113325
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
392
East Winchester Street, Fifth Floor, Salt Lake City, UT
84107
(Address of principal executive
offices)
(Zip Code)
Registrant’s
telephone number, including area code (844) 203-6092
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SEC 873 (07-24)
Potential persons who are
to respond to the collection of information contained in this Form are not required to respond unless the Form displays a currently
valid OMB control number.
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, no par value
FATN
Nasdaq
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Departure
of Chief Financial Officer
Effective
September 11, 2026, Eric Sherb ceased serving as Chief Financial Officer and Principal Accounting Officer of FatPipe, Inc. (the “Company”).
Mr. Sherb’s departure was not the result of any disagreement with the Company concerning its operations, policies or practices.
To
support an orderly transition, Mr. Sherb will continue to provide services to the Company in a consulting capacity.
Appointment
of Chief Financial Officer
On
September 11, 2026, the Board of Directors of the Company appointed Kanishka Ragula, age 25, as Chief Financial Officer and principal
financial officer of the Company, effective immediately. Mr. Ragula will also serve as the Company’s Principal Accounting Officer.
Mr.
Ragula previously served as the Company’s Director of Finance from September 2025 until his appointment as Chief Financial Officer.
In that role, he was involved in the Company’s financial operations, strategic planning, investor relations and corporate development
activities.
From
August 2024 to August 2025, Mr. Ragula worked as an investment professional at Institutional Venture Partners, where he evaluated and
supported growth-stage technology investments. Before this he worked in J.P. Morgan’s Technology Investment Banking group in San
Francisco, where he participated in mergers and acquisitions, equity and debt financings and other strategic transactions involving technology
companies.
Mr.
Ragula graduated summa cum laude from the University of Pennsylvania’s Jerome Fisher Program in Management & Technology. He
earned a Bachelor of Science in Economics, with a concentration in Finance, from the Wharton School and a Bachelor of Science in Engineering
in Computer and Information Science from Penn Engineering.
In
connection with his appointment, Mr. Ragula will receive an annual base salary of $175,000, and an equity grant as approved by the board
at the annual meeting. Mr. Ragula will also be eligible to participate in the employee benefit plans generally available to the Company’s
employees.
Except
as described below, there are no arrangements or understandings between Mr. Ragula and any other person pursuant to which he was appointed
as Chief Financial Officer.
Mr.
Ragula is the son of Ragula Bhaskar, Ph.D., the Company’s Chief Executive Officer and Chairman of the Board, and Sanchaita Datta,
the Company’s President, Chief Technology Officer and a director. Except for these relationships, Mr. Ragula has no family relationship
with any director or executive officer of the Company.
Except
for Mr. Ragula’s employment by the Company and the compensation described above, there are no transactions involving Mr. Ragula
that require disclosure pursuant to Item 404(a) of Regulation S-K.
On
September 11, 2026, the Company issued a press release announcing Mr. Ragula’s appointment. A copy of the press release is filed
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
Exhibit
No.
Description
99.1
Press Release dated September 11, 2026
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
2 of 3
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
FatPipe,
Inc.
(Registrant)
Date September 14, 2026
/s/
Ragula Bhaskar
(Signature)*
Name:
Ragula Bhaskar
Title:
Chief Executive Officer (Principal
Executive Officer)
name and title of the signing officer under his signature.
3 of 3
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit 99.1
FOR
IMMEDIATE RELEASE
FatPipe,
Inc. (NASDAQ: FATN) Appoints Kanishka Ragula as Chief Financial Officer
Former
Member of J.P. Morgan Technology Investment Banking Team Brings M&A, Capital Markets and Technology Experience to FatPipe
SALT
LAKE CITY, Utah, September 11, 2026 — FatPipe, Inc. (NASDAQ: FATN) (“FatPipe” or the “Company”), a
pioneer and multiple patent holder in enterprise-class, application-aware, secure software-defined wide area networking (“SD-WAN”)
and cybersecurity solutions, today announced the appointment of Kanishka Ragula as Chief Financial Officer, effective September 11, 2026.
Ragula
brings experience spanning technology investment banking, mergers and acquisitions, corporate finance and capital markets. Before joining
FatPipe, He previously worked in J.P. Morgan’s Technology Investment Banking group in San Francisco, he worked on teams advising
technology companies on mergers and acquisitions, equity and debt financings, and other strategic transactions.
During
his tenure at J.P. Morgan, Ragula was a member of teams involved in a number of significant technology transactions, including Snow Software’s
sale to Flexera, a Thoma Bravo portfolio company; Francisco Partners’ $1.2 billion acquisition of Jama Software; HighLevel’s
minority growth investment from General Atlantic; and CData Software’s $350 million strategic growth investment from Warburg Pincus.
His
capital markets experience included serving on teams involved in StubHub’s IPO preparations, where J.P. Morgan served as Lead Left
Bookrunner; and PagerDuty’s $350 million convertible senior notes placement. He also gained experience on other equity and leveraged
finance transactions involving technology companies, including OpenAI, LegalZoom, Jamf, McAfee, StubHub and Red Ventures.
This
experience provided Ragula with exposure across the transaction lifecycle, including financial modeling and valuation, strategic and
M&A analysis, due diligence, capital structure analysis, transaction documentation and execution. He held FINRA Series 79 and Series
63 registrations and previously completed the Securities Industry Essentials examination.
Most
recently, Ragula has served as Director of Finance at FatPipe, where he has been involved in the Company’s financial operations,
strategic planning, investor activities and growth initiatives. His familiarity with FatPipe’s operations and technology, combined
with his technology investment banking and transaction experience, is expected to support the Company’s financial strategy as it
continues to pursue organic growth and evaluate strategic acquisition opportunities.
“We
are pleased to appoint Kanishka as Chief Financial Officer,” said Sanch Datta, President and CTO of FatPipe. “Kanishka brings
a combination of finance, technology and transaction experience. His work in J.P. Morgan’s Technology Investment Banking group
gave him experience across M&A, equity and debt transactions involving some of the world’s leading technology companies and
investors. We believe this experience will be valuable as we continue to grow FatPipe organically while evaluating acquisitions and other
strategic opportunities that can expand our technology portfolio, recurring revenue and market presence.”
“I
am excited to take on the role of Chief Financial Officer at FatPipe at an important point in the Company’s development,”
said Kanishka Ragula. “FatPipe has built a differentiated portfolio of patented networking, SD-WAN, cybersecurity and network management
technologies. I look forward to working with our management team and Board to maintain financial discipline, support continued growth
and evaluate strategic opportunities that can create long-term shareholder value.”
To
support an orderly transition, Eric Sherb will continue to advise FatPipe in a consulting capacity.
Education
and Professional Background
Ragula
graduated Summa Cum Laude from the University of Pennsylvania’s Jerome Fisher Program in Management & Technology (M&T),
a highly selective interdisciplinary dual-degree program combining business and engineering. He earned a Bachelor of Science in Economics
with a concentration in Finance from the Wharton School and a Bachelor of Science in Engineering in Computer and Information Science
from Penn Engineering.
At
Penn, Ragula served as President of the M&T Student Board and received the Naren Udayagiri Management and Technology Award, recognizing
scholastic distinction and commitment to excellence in engineering and business. His combined education in computer science and finance,
together with his technology investment banking experience, provides a background spanning technology, corporate finance, M&A and
capital markets.
About
FatPipe, Inc.
FatPipe,
Inc. pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for cooperation
from ISPs and allow enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking
and cybersecurity platform backed by 13 U.S. patents related to multipath and software-defined networking. FatPipe products are sold
through more than 200 resellers worldwide.
For
more information, please visit FatPipe’s website.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include
statements regarding the Company’s growth strategy, financial strategy, potential acquisitions, strategic opportunities, recurring
revenue and expectations regarding future performance. These statements are based on management’s current expectations and are
subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied
by such statements.
These
risks and uncertainties include those described in FatPipe’s filings with the U.S. Securities and Exchange Commission, including
its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of
the date of this press release, and FatPipe undertakes no obligation to update or revise such statements except as required by law.
Company
Contact
Vikrant
Ragula
V.P.
of Corp Dev and Investor Relations
FatPipe,
Inc.
+1
801.683-5656 x 1140
Investor.ir@fatpipeinc.com
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