Fatpipe Inc appoints new CFO Eric Sherb

On April 24, 2025, Fatpipe Inc (NASDAQ:FATN), a company specializing in prepackaged software services with a market capitalization of $134 million and impressive gross profit margins of 92.5%, announced the appointment of Eric Sherb as its new Chief Financial Officer. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.27. The decision was made by the Board of Directors, marking a significant addition to the company’s executive team.

Eric Sherb brings over fifteen years of experience in various financial fields including accounting advisory, auditing, and mergers and acquisitions. Before joining Fatpipe Inc, Sherb was the founder of EMS Consulting Services LLC, a firm providing accounting advice to businesses ranging from entrepreneurs to small companies. His previous roles have involved responsibilities such as bookkeeping, financial statement preparation and analysis, as well as offering technical advice on financial matters. He joins at a time when the company operates with a moderate debt level, maintaining a healthy debt-to-equity ratio of 0.25.

Sherb’s educational background includes a Bachelor of Business Administration in Accounting and Finance from Emory University, equipping him with the knowledge and expertise required for his new role at Fatpipe Inc.

The company has confirmed that there are no related party transactions or familial relationships between Sherb and any other executives or board members at Fatpipe Inc that would necessitate further disclosure. His appointment is part of the natural course of business operations and doesn’t involve any external arrangements or understandings with other individuals.

This executive change comes as part of the company’s ongoing efforts to strengthen its leadership team and follows standard corporate governance practices. The information regarding Eric Sherb’s appointment is based on a recent SEC filing by Fatpipe Inc. For deeper insights into Fatpipe’s financial health and performance metrics, including 10+ additional ProTips, visit InvestingPro.

In other recent news, FatPipe, Inc. has announced the pricing of its initial public offering (IPO) at $5.75 per share. The company began trading on the Nasdaq Capital Market, with its stock opening at $6.50 per share, surpassing the initial offering price. FatPipe aims to raise approximately $4 million in gross proceeds from the IPO, excluding underwriting discounts and related expenses. The offering includes 695,656 shares of common stock, and the company has provided underwriters a 45-day option to purchase up to an additional 104,348 shares at the public offering price. D. Boral (OTC:BOALY) Capital LLC is acting as the sole book-running manager for this offering. The IPO is expected to close soon, pending customary closing conditions. This development marks a significant step for FatPipe as it seeks to capitalize on its SD-WAN solutions in various sectors.

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