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].

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]