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Fitell Corporation Regains Compliance with Nasdaq Minimum Bid Price Rule
Globenewswire· 2025-10-16 12:30
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]
Fitell Corporation Receives 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-10-03 12:30
Core Points - Fitell Corporation has received a 180-calendar-day compliance period from Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline to March 30, 2026 [1][2] - The company has complied with other continued listing requirements, except for the bid price requirement, and has notified Nasdaq of its intention to address this deficiency [2] - To regain compliance, Fitell implemented a share consolidation at a ratio of 1-for-16 effective September 23, 2025, aimed at stabilizing the stock price and improving its standing on the Nasdaq Capital Market [3] Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia, offering products under proprietary and other brand names [4] - 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 [4] - 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) [4]
Fitell Corporation Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement
Globenewswire· 2025-04-03 20:15
Core Points - Fitell Corporation has received a Notification Letter from Nasdaq due to its ordinary shares closing bid price being below $1.00 for 30 consecutive business days [1][2] - The company has a compliance period of 180 days to regain compliance with the minimum bid price requirement, which ends on September 29, 2025 [3] - If the company does not regain compliance by the deadline, it may be eligible for an additional 180 days, provided it meets other listing requirements [3] - The company is considering a reverse stock split as a potential strategy to regain compliance [4] Company Overview - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia [5] - The company operates under proprietary brands such as Muscle Motion, Rapid Motion, and FleetX, offering over 2,000 stock-keeping units (SKUs) [5] - Fitell has served over 100,000 customers, with a significant portion of sales coming from repeat customers [5]
Fitell Corporation Announces that it will hold its Extraordinary General Meeting of Shareholders on Apri 9, 2025
Globenewswire· 2025-03-26 15:23
Core Points - Fitell Corporation, an online retailer of gym and fitness equipment in Australia, announced an Extraordinary General Meeting (EGM) scheduled for April 9, 2025 [1] - The EGM Notice was distributed to shareholders on March 24, 2025, detailing voting procedures and proposals [2] - Registered shareholders as of March 12, 2025, are entitled to attend and vote at the EGM [3] Company Overview - Fitell Corporation operates through its wholly owned subsidiary GD Wellness Pty Ltd, focusing on gym and fitness equipment sales under proprietary and other brand names [4] - The company aims to create a comprehensive fitness and wellness ecosystem powered by technology, having served over 100,000 customers with significant repeat sales [4] - 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) [4] EGM Proposals - The EGM will address several proposals, including: 1) Share Capital Reorganisation Proposal 2) Charter Amendment Proposal 3) Share Repurchase and Issuance Proposal 4) Share Consolidation Proposal 5) Share Consolidation Memorandum Amendment Proposal [6]
Fitell (FTEL) - Prospectus(update)
2024-04-02 20:53
As filed with the Securities and Exchange Commission on April 2, 2024 Registration Statement No. 333-277214 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) With a Copy to: Mark E. Crone, Esq. Liang Shih, Esq. Johnathan Nixon, Esq. The Crone Law Group, P.C. 420 Lexington Ave, Suite 2446 New York, NY 10170 Tel: 646.861.7891 (Prima ...
Fitell (FTEL) - Prospectus(update)
2023-03-14 15:50
As filed with the Securities and Exchange Commission on March 14, 2023 Registration Statement No. 333-267778 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FITELL CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 3949 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...