Fitell Corporation Announces $50 Million Stablecoin Financing and 2F Robotics, a Platform for AI-Driven Advanced Robotic Systems

Core Viewpoint - Fitell Corporation has entered into a securities purchase agreement to issue a $50 million convertible note to support the launch of 2F Robotics, a joint venture focused on AI-driven robotic technologies [1][4]. Financing Details - The $50 million convertible note will be issued upon the satisfaction or waiver of certain closing conditions [4]. - The net proceeds from the financing will be converted to stablecoin assets and held with a U.S. custodian [7]. Strategic Initiatives - The financing enhances capital flexibility and broadens the balance sheet through a diversified corporate treasury, allowing for growth initiatives such as 2F Robotics [3]. - Stablecoin assets may be allocated toward 2F Robotics, the corporate treasury, or the fitness operations, depending on market conditions [7]. Joint Venture Overview - 2F Robotics will focus on developing AI-driven robotics and automation systems for home, kitchen, fitness, and industrial applications [7]. - The joint venture will partner with GZ Fukonn Vanguard Intelligent Technology, which has patented hardware and dedicated R&D capabilities [7]. - Fitell will retain majority ownership and full intellectual property rights, leveraging existing distribution infrastructure for marketing in Australia and the U.S. [7]. Corporate Treasury Management - Following the financing, Fitell's corporate treasury will be diversified across cash, stablecoins, Solana (SOL), and PUMP [7]. - The company will actively manage its balance sheet and may reallocate among its treasury reserves and strategic initiatives based on market conditions [7].