Group 1 - Fitell Corporation announced the acquisition of 46,144 Solana (SOL) for approximately $10 million, marking the first strategic purchase under its Solana treasury initiative [1][2] - The acquisition follows a $100 million financing announcement, demonstrating the company's commitment to its Solana treasury strategy and plans for further SOL purchases using net proceeds from the financing [2] - At least 70% of the net proceeds from future closings will be allocated to cryptocurrency acquisitions for the treasury reserve, with the remainder for broader crypto operations and working capital [2] Group 2 - Fitell Corporation operates through its wholly owned subsidiary GD Wellness Pty Ltd, focusing on online retail of gym and fitness equipment in Australia [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, offering over 2,000 stock-keeping units (SKUs) [4]

TAREN POINT, Australia, April 03, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (the “Company”), an online retailer of gym and fitness equipment in Australia, today announced that on April 2, 2025, it has received a letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that for the last 30 consecutive business days the closing bid price of the Company’s ordinary shares was below $1.00 per share, which is th ...

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]