FATN 8-K
Fatpipe Inc/UT (FATN)
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 |
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FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported)
FATPIPE, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
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(Former name or former address, if changed since last report.)
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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).
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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) |
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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) |
*Print name and title of the signing officer under his signature.
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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