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FatPipe, Inc. (NASDAQ: FATN) Announces Pricing of Initial Public Offering and Listing on NASDAQ

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SALT LAKE CITY, April 7, 2025 /PRNewswire/ — FatPipe, Inc. (“FatPipe” or the “Company”), a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies, is pleased to announce the pricing of its underwritten initial public offering of 695,656 shares of common stock at a public offering price of $5.75 per share. The shares of common stock have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 8, 2025, under the ticker symbol “FATN.”

The Company expects to receive aggregate gross proceeds of $4 million from the offering, before deducting underwriting discounts and other related expenses. In addition, the Company has 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 for the initial public offering is expected to occur on or about April 9, 2025, subject to satisfaction of customary closing conditions.

D. Boral Capital LLC is acting as the Sole Book-Running Manager for the offering.

Sichenzia Ross Ference Carmel LLP, New York, NY, is acting as counsel to the Company, and Lucosky Brookman LLP, Woodbridge, NJ, is acting as counsel to the underwriter in connection with the offering.

A registration statement on Form S-1 (File No. 333-280925) relating to the offering was filed with the U.S. Securities and Exchange Commission (“SEC”), as amended and was declared effective by the SEC on February 12, 2025. A post-effective amendment to the registration statement on Form S-1 relating to the offering was filed with SEC and was declared effective by the SEC on March 17, 2025. The offering of the securities is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus may be obtained, when available, at the SEC’s website at www.sec.gov or from D. Boral Capital LLC, Attention: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at info@dboralcapital.com, or by telephone at +1(212)-970-5150.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About FatPipe, Inc.

FatPipe, Inc. a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. FatPipe’s network optimization solutions, along with robust cybersecurity and SASE protection, provide organizations with superior network performance and corporate security.  FatPipe provides highly recognized intra-corporate wide area network solutions that transcend internet and other network failures to maintain business continuity and high transmission security.  FatPipe’s network monitoring, reporting, and alerting, reduce the time and effort required by network administrators leading to more efficient network operations.

FatPipe has customers in the United States and around the world, and more than 200 resellers worldwide including almost all national resellers in the US. 

For more information, please visit https://www.fatpipeinc.com.

Legal Disclaimer

Certain statements contained in this press release, including statements relating to the Company’s expectations regarding the completion, timing and size of its proposed public offering and listing may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management’s current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in FatPipe’s registration statement on Form S-1, as it may be amended from time to time. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences

Company Contact Info
IR.Press@fatpipeinc.com

Media Contacts

RedChip Contact

Dave Gentry

RedChip Companies, Inc.

1.800.RED.CHIP (733-2447

Dave@redchip.com

MZ Contact

Brian M. Prenoveau, CFA

MZ Group – MZ North America

FATN@mzgroup.us

561-489-5315

 

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SOURCE FatPipe Networks

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Robert Payne becomes Chief Technology Officer at Piedmont Advantage Credit Union

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WINSTON-SALEM, N.C., April 13, 2025 /PRNewswire/ — Piedmont Advantage Credit Union (PACU) is proud to announce the promotion of Robert Payne to Chief Technology Officer (CTO), marking a significant milestone in a distinguished career spanning more than 30 years in the technology field.

Payne has served as PACU’s Senior Vice President of Information Technology for over a decade, leading with a vision to ensure that technology functions and works smarter to make financial services easier, safer and more seamless for members and employees alike.

“Technology should feel effortless for the people who rely on it, our members and employees,” Payne said. “In my new role, I look forward to building on that foundation and driving strategic technology decisions that add real, measurable value.”

Payne holds a Bachelor of Science in Computer Security (now called Cybersecurity) from Eastern Kentucky University in Richmond, Ky., and is certified in ISO/IEC 20000, the international standard for IT service management. His approach to leadership blends technical expertise with a deep understanding of how technology shapes member experiences and internal operations.

As CTO, Payne will align PACU’s technology infrastructure with its long-term strategic goals. His priorities include:

Fortifying cybersecurity, recognizing that trust is the foundation of all member relationships.Enhancing digital experiences to ensure members can bank anytime, anywhere seamlessly.Investing in automation and AI to increase operational efficiency and allow staff to focus more on members’ financial well-being.Ensuring resilience and scalability to support PACU’s continued growth.

“Robert has a clear vision for how technology can enable innovation and preserve the human connections that make our credit union so unique,” said PACU’s President & CEO, Dion Williams. “His leadership has been instrumental in building a technology strategy that puts our members first and empowers our employees to serve with confidence and ease. As CTO, he will continue to guide us toward a more secure, efficient and people-focused future.”

While artificial intelligence and automation are key areas of interest, Payne emphasizes that technology at PACU will always serve people, not replace them. “No technology can replicate the relationships, trust and sense of belonging that define who we are,” he said. “That’s priceless, and it will always be our priority.”

About Piedmont Advantage Credit Union
Headquartered in Winston-Salem, N.C., and founded in 1949 to meet the financial needs of Piedmont Aviation and Piedmont Airline employees, Piedmont Advantage Credit Union has grown to serve member-owners, who reside, work, worship, attend school or operate a business in one of the six counties it serves in North Carolina or who are employed by one of its many employer companies. These six counties are Davie, Forsyth, Guilford, Iredell, Mecklenburg and Rockingham. A not-for-profit, cooperative financial institution, Piedmont Advantage still has a strong presence in aviation with its six branches and 10 ATMs throughout the service region.

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SOURCE Piedmont Advantage Credit Union

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20 Global Ministers Gather in Riyadh for a Ministerial Roundtable on Human Capability Development as part of the Human Capability Initiative (HCI)

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RIYADH, Saudi Arabia, April 13, 2025 /PRNewswire/ — The Human Capability Development Program (HCDP), a Saudi Vision 2030 Realization Program, convened a ministerial roundtable on day one of the second edition of the Human Capability Initiative (HCI) conference. The HCI conference is held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of HCDP, on April 13 – 14 2025 in the King Abdulaziz International Conference Center under the theme of #BeyondReadiness

The closed-door ministerial roundtable meeting focused on “AI Literacy for All: Promoting Equitable Access for Resilient Capabilities” and engaged 20 ministers from around the world, as well as local and global experts in education and technology, including representatives from the Saudi Education and Training Evaluation Commission, the Saudi Data and Artificial Intelligence Authority (SDAIA), the World Bank, and the Organization for Economic Co-operation and Development (OECD). 

The roundtable explored the critical need for integrating digital skills as a cornerstone of human capability development and examined AI literacy’s central role in ensuring individuals can thrive in an AI-driven economy. 

The meeting also highlighted the need to establish inclusive strategies that promote digital education, and the importance of integrating AI skills into curricula and strengthening international collaboration to discover scalable solutions that can provide equitable access to AI tools and digital training worldwide. 

Participants in the roundtable agreed to issue a joint statement following the meeting, which highlighted key aspects of the discussion and outlined their main recommendations on next steps, which are as follows: 

Advocating for the inclusion of AI literacy in national education systems, ensuring future generations are equipped with the skills necessary to succeed in an AI-powered world. Encouraging initiatives that support continuous education and reskilling opportunities for AI literacy, enabling individuals to remain adaptable in the face of technological advancements. Continuing to support the strengthening of international collaboration, sharing resources, knowledge, and experiences to enhance access to AI education globally. 

The roundtable reinforces the Kingdom’s commitment to leading global efforts in human capability development in line with the Saudi Vision 2030, driven by its recognition of the central role of human capability development in achieving sustainable economic growth worldwide. Global participants in the roundtable identified innovative, concrete solutions to ensure that countries can remain competitive and achieve sustainable growth across various industries by enabling individuals and institutions to succeed in an AI-powered world.

For more information, contact the HCI Conference Media Team: media@humancapabilityinitiative.org  

Access the HCI Conference Website: https://humancapabilityinitiative.org/en/  

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SOURCE Human Capability Development Program (HCDP)

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Meizu Breaks into the Middle East Market with the AI Ecosystem Products

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DUBAI, United Arab Emirates, April 13, 2025 /PRNewswire/ — From April 12 to 13, Meizu partnered with Geely Auto to host a product launch event in Dubai, introducing its full ecosystem products to the Middle East market and accelerating its global expansion.

At the event, Meizu showcased multiple innovative products tailored for overseas markets, including smartphones such as the Meizu 21 series, Meizu Note 22 series, Meizu Mblu 21, Meizu Mblu 22 Pro, and the AI-powered Meizu Lucky 08. Smart wearable devices like the smart glasses StarV Air2 and StarV View, as well as the smart ring StarV Ring2, also made their debut.

To meet the cross-language communication needs of Middle Eastern users, the highly acclaimed multilingual real-time translation function of the StarV Air2 smart glasses added Arabic to its support list, which premiered at the event and will be officially launched in late April. With Arabic support, StarV Air2 now covers 14 real-time translation languages, broadening its user group and allowing more users to learn about Meizu’s vision of “AI Enlightening a Better Life.”

With the acceleration of its “overseas Flyme AI ecosystem strategy”, Meizu is swiftly and steadily expanding overseas markets. The Middle East, a strategic hub connecting Asia, Europe, and Africa, is a critical market for Meizu to seize global markets further.

Following its return to the global markets after releasing its overseas Flyme AI ecosystem strategy at MWC 2025, a global industry technology highland, Meizu partners with Geely Auto again to unveil overseas AI ecosystem products in the Middle East. This strategic move signifies a solid step in Meizu’s global resurgence and underscores its ambition and determination in worldwide expansion.

As overseas expansion accelerates, Meizu has achieved remarkable success with its ecosystem products. Its products are now available in over 30 countries and regions across Asia-Pacific, Latin America, the Middle East, Central Asia, and Europe. Cars equipped with Flyme Auto are exported to the Middle East, Eastern Europe, and Asia-Pacific, and the overseas ecosystem integrating “people, cars, and homes” has taken shape. In Q1 2025 alone, Meizu entered key frontier markets like the Philippines, Indonesia, Sri Lanka, Vietnam, and Australia.

Currently, by virtue of its forward-looking ecosystem integrating “smartphones, glasses and cars”, Meizu has become the No.1 company in China in three aspects. Meizu has doubled the sales of AI-powered smartphones, achieved the top market share for smart glasses, and supported the largest number of cars on the market equipped with the Flyme Auto smart cockpit operating system.

In terms of Flyme AIOS, Meizu has deeply integrated AI capabilities into its operating system, redefining the neural network of the entire digital space. Its open architecture has access to advanced models like Tongyi Qianwen, Doubao, ERNIE Bot, and DeepSeek to deliver system-level, cross-device, open, and smart integrated AI experiences.

Meizu’s StarV series captured over 41.5% market share in a single quarter after its launch in September, ranking first in China in terms of market share in a single quarter. Technically, it pioneered the adoption of the most challenging optical waveguide technology in the industry, achieving top product maturity. According to iResearch’s 2024 Consumer AR Glasses Market Dynamics and Trends Report, Meizu leads China’s “Five AR Glasses Giants” as the only AR player with a full ecosystem.

And Meizu is the smartphone brand of DreamSmart Group, which carries AI eco-products in three product areas, which are smartphones, XR and smart cars. With deep technological expertise in multiple industries, DreamSmart is recognized as a leader in smart ecosystems.

In the smart cockpits, Meizu’s Flyme Auto saw 310,000 new vehicle installations in March (including upgrades for over 200,000 Geely Galaxy L6 and L7 users), with cumulative sales of exceeding 910,000 cars. It has ranked first in new users for six consecutive months. At present, Flyme Auto supports 23 models under Geely, Lynk & Co, Galaxy, and other brands, making it the most widely adopted, fastest-growing, and broadest-priced smart cockpit operating system.

These “three No.1 achievements” highlight Meizu’s domestic leadership and lay a foundation for global market expansion. As its globalization accelerates in the future, Meizu will deliver smarter, more convenient, and efficient digital life experiences to users worldwide.

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