Fitell Corporation Regains Compliance with Nasdaq Minimum Bid Price Rule

Core Points - Fitell Corporation has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of at least $1.00 for 16 consecutive business days [1][2] Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia, offering proprietary and other brand products [3] - The company aims to create a comprehensive fitness and wellness ecosystem powered by technology, having served over 100,000 customers with a significant portion of sales from repeat customers [3] - Fitell's brand portfolio includes three proprietary brands under the Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [3]