Core Viewpoint - Fitell Corporation has executed a reverse stock split at a ratio of 16 for 1 to enhance its stock appeal to investors, resulting in a significant price increase and reflecting positive market sentiment [1][2][5]. Company Overview - Fitell Corporation, trading under NASDAQ:FTEL, is an online retailer based in Australia, specializing in gym and fitness equipment [1]. - The company's market capitalization is approximately $177.8 million, indicating its size and value in the market [4]. Stock Performance - Following the reverse stock split, FTEL's stock price rose by 9.93% to $8.46, showing a positive market response [3][5]. - The stock has experienced a high of $792 and a low of $5.76 over the past year, highlighting its volatility [4]. - FTEL's trading volume is 3,385,342 shares, reflecting active investor interest and engagement [4][5]. Market Activity - Post-split, FTEL continues to trade on The Nasdaq Capital Market, with its stock price fluctuating between $7.12 and $15.79, indicating market volatility [3].

Group 1 - Fitell Corporation will implement a share consolidation at a ratio of 1-for-16, effective September 23, 2025, to meet Nasdaq's minimum bid price requirement [1][2] - The consolidation will automatically convert every sixteen shares into one ordinary share, with no fractional shares issued; any fractional shares will be rounded up to one share [3] - Shareholders holding shares in electronic form will not need to take action, as the consolidation will be reflected in their brokerage accounts [3][4] Group 2 - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia, serving over 100,000 customers [5] - The company offers products under three proprietary brands: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [5]