Fitell Corporation Secures Up to $100 Million Convertible Loan Facility to Launch Solana Digital Asset Treasury
Reuters
Sep 24
<a href="https://laohu8.com/S/FTEL">Fitell Corporation</a> Secures Up to $100 Million Convertible Loan Facility to Launch Solana <a href="https://laohu8.com/S/DAAQU">Digital Asset</a> Treasury
**Fitell Corporation Secures $100 Million Financing Facility to Launch Solana Digital Asset Treasury** Taren Point, Australia, September 24, 2025 - Fitell Corporation (NASDAQ: FTEL), a global provider of fitness equipment and health solutions, has announced the establishment of a financing facility of up to $100 million in partnership with a US-based institutional investor. The agreement, arranged with Rodman & Renshaw acting as exclusive placement agent, will support Fitell's launch of Australia's first Solana $(SOL)$-based digital asset treasury. An initial tranche of $10 million from the facility will be immediately deployed for SOL acquisitions as part of the company's broader strategy to become the largest publicly-listed Solana holder in Australia. Fitell has also appointed advisors David Swaney and Cailen Sullivan to lead its digital asset and DeFi innovation strategy, aiming to generate yield and advance on-chain DeFi initiatives. Further details will be provided during a live session at 4:00 p.m. ET on September 23, 2025, via @MarioNawfal or @RoundtableSpace. The full agreement details are subject to the company's 6-K filing with the US Securities and Exchange Commission.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fitell Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9534579-de) on September 24, 2025, and is solely responsible for the information contained therein.
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