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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 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 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].
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 ...