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Fitell Corporation Announces Interim Dividend and Shareholder Loyalty Program
Globenewswire· 2025-12-02 13:30
Core Viewpoint - Fitell Corporation has announced two initiatives aimed at returning value to shareholders: an interim dividend and a one-time shareholder loyalty program, reflecting the company's commitment to enhancing long-term investor alignment with its growth strategy [1][5]. Interim Dividend - The Board has declared an interim dividend of $0.10 per share, payable in cash on January 13, 2026, to shareholders of record as of December 30, 2025, with an ex-dividend date of December 29, 2025 [2]. - This dividend is a result of Fitell's improved cash and digital asset position, demonstrating the Board's commitment to returning capital to shareholders while supporting growth initiatives in fitness, corporate treasury management, and robotics [2]. Shareholder Loyalty Program - The company has introduced a one-time shareholder loyalty payment of up to $0.15 per share for eligible shareholders who transfer their shares into book-entry form by December 29, 2025 [3]. - Eligible shareholders can receive up to three tranches of loyalty payments if they maintain continuous ownership for 30 to 90 calendar days, with payments structured as follows: $0.05 after 30 days, an additional $0.05 after 60 days, and another $0.05 after 90 days [7]. Management Commentary - The CEO of Fitell expressed confidence in the company's balance sheet and operational outlook, stating that the timing is appropriate to return value to shareholders while reinforcing long-term value across various business segments [5]. Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, operates as an online retailer of gym and fitness equipment in Australia, serving over 100,000 customers and focusing on building a comprehensive fitness and wellness ecosystem powered by technology [9].
Fitell Corporation Completes Purchase of 216.8 million PUMP Tokens to its Digital Asset Treasury
Globenewswire· 2025-10-02 12:30
Core Insights - Fitell Corporation has purchased 216.8 million Pump.fun (PUMP) tokens for a total of $1.5 million, marking its first direct acquisition of PUMP tokens and indicating a strategic expansion within the Solana ecosystem [1][2]. Company Overview - Fitell Corporation operates through its wholly owned subsidiary GD Wellness Pty Ltd, focusing on online retail of gym and fitness equipment under proprietary and other brand names in Australia [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 coming from repeat customers [3]. - Fitell's brand portfolio includes three proprietary brands under Gym Direct: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [3]. Strategic Intent - The CEO of Fitell, Sam Lu, emphasized the company's commitment to participating in Solana's growth and diversifying its digital asset treasury to capture long-term growth opportunities for stakeholders [2]. - The company plans to provide periodic updates as it continues to expand its digital asset treasury [2].