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Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia. The company sells fitness equipment, such as home gym and commercial strength-training equipment; and cardio equipment, including rowing machines, exercise bikes, and treadmills under the Muscle Motion, Rapid Motion, and FleetX brand names. It also engages in the boutique fitness clubs licensing business. The company sells its products through department stores and e-commerce companies. Fitell Corporation was founded in 2007 and is headquartered in Taren Point, Australia. Fitell Corporation operates as a subsidiary of SKMA Capital and Investment Ltd.

Fitell Corporation

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 THE MINIMUM CLOSING BID PRICE REQUIRED FOR CONTINUED LISTING ON THE NASDAQ CAPITAL MARKET PURSUANT TO NASDAQ LISTING RULE 5550(A)(2).

FITELL CORPORATION ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION REGARDING MINIMUM BID PRICE REQUIREMENT

TAREN POINT, AUSTRALIA, MARCH 26, 2025 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) (FITELL OR THE COMPANY), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, ANNOUNCED ON MARCH 24, 2025 THAT IT WILL HOLD ITS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (THE EGM) ON APRIL 9, 2025 AT 10:00 A.M., LOCAL TIME, AT LEVEL 17, TOWER 2, LUMIA INTERNATIONAL BUILDING, NO.181 YANJIANGXI RD, GUANGZHOU, PEOPLE'S REPUBLIC OF CHINA.

FITELL CORPORATION ANNOUNCES THAT IT WILL HOLD ITS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS ON APRI 9, 2025

$4.0 MILLION UPFRONT WITH UP TO AN ADDITIONAL $6.0 MILLION OF GROSS PROCEEDS UPON THE EXERCISE IN FULL FOR CASH OF WARRANTS TAREN POINT, AUSTRALIA, FEB. 10, 2025 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) (FITELL OR THE COMPANY), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, TODAY ANNOUNCED THE CLOSING OF ITS PREVIOUSLY ANNOUNCED REGISTERED DIRECT OFFERING OF 796,813 ORDINARY SHARES AND AN ADDITIONAL INVESTMENT RIGHT TO PURCHASE UP TO 1,195,220 ORDINARY SHARES IN THE FORM OF WARRANTS, AT A PURCHASE PRICE OF $5.02 PER ORDINARY SHARE AND ASSOCIATED WARRANT. THE WARRANTS HAVE AN EXERCISE PRICE OF $5.02 PER SHARE, ARE EXERCISABLE IMMEDIATELY UPON ISSUANCE AND EXPIRE THREE YEARS FOLLOWING THE ISSUANCE DATE.

FITELL CORPORATION ANNOUNCES CLOSING OF REGISTERED DIRECT OFFERING FOR UP TO $10.0 MILLION

$4.0 MILLION UPFRONT WITH UP TO AN ADDITIONAL $6.0 MILLION OF GROSS PROCEEDS UPON THE EXERCISE IN FULL FOR CASH OF WARRANTS

FITELL CORPORATION ANNOUNCES UPDATED REGISTERED DIRECT OFFERING FOR UP TO $10.0 MILLION

TAREN POINT, AUSTRALIA, FEB. 07, 2025 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) (FITELL OR THE COMPANY), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, TODAY ANNOUNCED THAT IT HAS ENTERED INTO A DEFINITIVE AGREEMENT WITH AN INSTITUTIONAL INVESTOR FOR THE ISSUANCE AND SALE IN A REGISTERED DIRECT OFFERING OF AN AGGREGATE OF 1,992,032 ORDINARY SHARES AND WARRANTS TO PURCHASE UP TO 1,992,032 ORDINARY SHARES, AT A PURCHASE PRICE OF $5.02 PER ORDINARY SHARE AND ASSOCIATED WARRANT. THE WARRANTS WILL HAVE AN EXERCISE PRICE OF $5.02 PER SHARE, WILL BE EXERCISABLE IMMEDIATELY UPON ISSUANCE AND WILL EXPIRE FIVE YEARS FOLLOWING THE ISSAUNCE DATE. THE OFFERING IS EXPECTED TO CLOSE ON OR ABOUT FEBRUARY 10, 2025, SUBJECT TO THE SATISFACTION OF CUSTOMARY CLOSING CONDITIONS.

FITELL CORPORATION ANNOUNCES $10.0 MILLION REGISTERED DIRECT OFFERING

TAREN POINT, AUSTRALIA, MARCH 05, 2024 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) ("FITELL" OR THE "COMPANY"), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, TODAY ANNOUNCED ITS HALF-YEAR FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 31, 2023.

FITELL CORPORATION ANNOUNCES FIRST HALF-YEAR FINANCIAL RESULTS

TAREN POINT, AUSTRALIA, JAN. 19, 2024 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) ("FITELL" OR THE "COMPANY"), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, ANNOUNCED THAT THE COMPANY ENTERED INTO A SECURITIES PURCHASE AGREEMENT (THE PURCHASE AGREEMENT) WITH AN INVESTOR ON JANUARY 15, 2024. PURSUANT TO THE PURCHASE AGREEMENT FILED WITH THE SECURITIES EXCHANGE COMMISSION ON FORM 6-K, THE COMPANY ISSUED TO THE INVESTOR A THREE-YEAR SENIOR UNSECURED CONVERTIBLE PROMISSORY NOTE IN THE PRINCIPAL AMOUNT OF US$3,600,000 FOR THE FUNDING AMOUNT OF US$3,312,000. THIS PLACEMENT IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT).

FITELL CORPORATION ANNOUNCES PRIVATE PLACEMENT OF US$3.6 MILLION OF SENIOR UNSECURED CONVERTIBLE NOTES

TAREN POINT, AUSTRALIA, OCT. 30, 2023 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) ("FITELL" OR THE "COMPANY"), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, TODAY ANNOUNCED ITS 2023 ANNUAL FINANCIAL RESULTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023.

FITELL CORPORATION ANNOUNCES FISCAL 2023 FINANCIAL RESULTS

TAREN POINT, AUSTRALIA, OCT. 27, 2023 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) ("FITELL" OR THE "COMPANY"), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, WILL RELEASE ITS FISCAL YEAR 2023 EARNINGS RESULTS ONMONDAY, OCTOBER 30, 2023, AFTER THE MARKET CLOSES. THE COMPANY WILL HOST AN INVESTOR CONFERENCE CALL AND WEBCAST TO DISCUSS THE RESULTS AT8:30 A.M. (EASTERN TIME)ONTUESDAY, OCTOBER 31, 2023, BEFORE THE MARKET OPENS.

FITELL CORPORATION ANNOUNCES FISCAL 2023 YEAR-END EARNINGS RELEASE DATE AND CONFERENCE CALL WEBCAST

TAREN POINT, NEW SOUTH WALES, AUSTRALIA, OCT. 23, 2023 (GLOBE NEWSWIRE) -- FITELL CORPORATION (NASDAQ: FTEL) ("FITELL" OR THE "COMPANY"), AN ONLINE RETAILER OF GYM AND FITNESS EQUIPMENT IN AUSTRALIA, TODAY ANNOUNCED THAT FITELL'S BOARD OF DIRECTORS PROMOTED GENERAL MANAGER OF GD WELLNESS PTY LTD (GD WELLNESS), ITS SOLE OPERATING SUBSIDIARY IN AUSTRALIA, AND DIRECTOR, MS. YINYING SAM LU, TO CEO OF THE COMPANY, EFFECTIVE OCTOBER 23, 2023. FITELL'S CURRENT CEO AND DIRECTOR, MR. GUY ROBERTSON, WILL STEP DOWN FROM THE POSITIONS OF CEO AND DIRECTOR DUE TO, HIS INCREASING COMMITMENTS TO SEVERAL OTHER COMPANIES AND BOARD DIRECTORSHIPS.

Fitell Corporation

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Fitell Corporation

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