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STATES**\n\n**SECURITIES\nAND EXCHANGE COMMISSION**\n\n**Washington,\nD.C. 20549**\n\n \n\n**FORM\n10-K**\n\n \n\n(Mark\nOne)\n\n \n\n**☒**\nANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n**For\nthe fiscal year ended March 31, 2026**\n\n \n\n**OR**\n\n \n\n**☐**\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor\nthe transition period from: _____________ to _____________\n\n \n\n**Commission\nFile Number: 001-42546**\n\n Fatpipe\nInc/UT\n\n**FATPIPE, INC.**\n\n(Exact\nname of registrant as specified in its charter)\n\n \n\n**Utah**\n \n**27-1113325**\n\n**(State or other jurisdiction of**\n\n**incorporation or organization)**\n\n \n\n**(I.R.S. Employer**\n\n**Identification No.)**\n\n \n\n**392\nEast Winchester Street, Fifth Floor**\n\n**Salt\nLake City, Utah 84107**\n\n(Address\nof principal executive offices) (Zip Code)\n\n \n\nRegistrant’s\ntelephone number, including area code: **(801) 281-3434**\n\n \n\n**Securities\nregistered pursuant to Section 12(b) of the Act:**\n\n \n\n**Title\nof each class**\n \n**Trading\nSymbol(s)**\n \n**Name\nof each exchange on which registered**\n\nCommon\nStock, No Par Value Per Share\n \nFATN\n \nThe\nNASDAQ Stock Market LLC (The NASDAQ Capital Market)\n\n \n\n**Securities\nregistered pursuant to Section 12(g) of the Act:**\n\n \n\nNone.\n\n \n\nIndicate\nby check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. **Yes ☐ No ☒**\n\n \n\nIndicate\nby check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. **Yes ☐ No\n☒**\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. **Yes ☒ No ☐**\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\n405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit and post such files). **Yes ☒ No ☐**\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting\ncompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”\n“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge\naccelerated filer ☐\n \nAccelerated\nfiler ☐\n\nNon-accelerated\nfiler ☒\n \nSmaller\nreporting company ☒\n\n \n \nEmerging\ngrowth company ☒\n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate\nby check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness\nof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered\npublic accounting firm that prepared or issued its audit report. ☐\n\n \n\nIf\nsecurities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant\nincluded in the filing reflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate\nby check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation\nreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). **Yes ☐ No ☒**\n\n \n\nThe\naggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant as of September 30, 2025, the\nlast business day of the registrant’s most recently completed second fiscal quarter, was approximately $41.8 million, based on\nthe closing price of the registrant’s common stock as reported on The Nasdaq Capital Market on such date.\n\n \n\nAs\nof May 18, 2026, there were 14,024,468 shares of the Company’s common stock issued and outstanding.\n\n \n\n**DOCUMENTS\nINCORPORATED BY REFERENCE**\n\n \n\nNone.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n[Cautionary Statement Regarding Forward-Looking Information](#sq_001)\n3\n\n \n \n \n\n \n[**PART I**](#sq_002)"}