FatPipe CEO clarifies S-3 ATM filing; no shares sold to date

Fatpipe Inc/UT

FatPipe filed an S-3 registration statement for an ATM offering but has not issued or sold any shares.
CEO states ATM provides flexibility for potential accretive acquisitions or large customer orders.
Management will only use ATM if it increases shareholder value, considering capital needs and market conditions.
No shares have been sold under the ATM program as of the letter date.

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