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Fitell Corporation

0.8100

-0.1123-12.18%

Post-market: 0.82750.0175+2.16%19:55 EDT

Volume:334.76K

Turnover:278.35K

Market Cap:17.03M

PE:-1.83

High:0.9272

Open:0.9272

Low:0.7800

Close:0.9223

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Overview Company News Filings

Fitell Corporation Implements Dual-Class Share Structure

Fitell Corporation Appoints Chun Wai Edwin Tam as New CFO, Succeeding Jamarson Kong

Fitell Corporation Completes Warrant Repurchase Agreement

Fitell Corporation Reports Financial Results Amid Market Challenges

Fitell Gets Non-Compliance Notice From Nasdaq

MT Newswires Live

Fitell Corporation Receives Nasdaq Notification on Minimum Bid Price

Fitell Corporation Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement

Fitell Corporation Announces that it will hold its Extraordinary General Meeting of Shareholders on Apri 9, 2025

Is Fitell Corporation (FTEL) the Best Get Rich Quick Stock to Invest In?

Fitell prices 796,813 shares at $5.02 in updated registered direct offering

Fitell Corporation Updates Terms of $10 Million Stock Offering

Fitell Corporation Announces Updated Registered Direct Offering for up to $10.0 Million

Fitell Corporation Announces $10 Million Direct Offering

BUZZ-Fitell Corp tumbles after pricing stock offering

Fitell Shares Drop After Direct Offering Prices

Fitell Agrees to $10 Million Equity, Warrant Offering

MT Newswires Live

Fitell Corporation Announces $10.0 Million Registered Direct Offering

Private companies who hold 45% of Fitell Corporation (NASDAQ:FTEL) gained 11%, insiders profited as well

Simply Wall St.

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Fitell Corporation, a company based in Australia, has implemented a dual-class share str...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-implements-dual-class-share-structure?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-implements-dual-class-share-structure?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["FTEL","BK4122","BK4200"],"gpt_icon":0},{"id":"2544469961","title":"Fitell Corporation Appoints Chun Wai Edwin Tam as New CFO, Succeeding Jamarson Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=2544469961","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2544469961?lang=en_us&edition=fundamental","pubTime":"2025-06-17 19:26","pubTimestamp":1750159561,"startTime":"0","endTime":"0","summary":"Fitell Corporation has announced a change in its executive team, with Mr. Jamarson Kong stepping down as Chief Financial Officer effective June 16, 2025, to address personal and family reasons. 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Fitell Corporation released its financial results for the six months ending December ...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-reports-financial-results-amid-market-challenges?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-reports-financial-results-amid-market-challenges?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4122","BK4200","FTEL"],"gpt_icon":0},{"id":"2524751242","title":"Fitell Gets Non-Compliance Notice From Nasdaq","url":"https://stock-news.laohu8.com/highlight/detail?id=2524751242","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524751242?lang=en_us&edition=fundamental","pubTime":"2025-04-04 15:56","pubTimestamp":1743753364,"startTime":"0","endTime":"0","summary":"Fitell  said late Thursday it has received a notice from the Nasdaq Stock Market that it is not compliant with the exchange's $1 minimum closing bid price requirement for continued listing.The company has 180 calendar days to regain compliance with the rule by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days, subject to a potential 180-day extension.The company said it may consider implementing a reverse stock split to cure the deficiency.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4122","MNQmain",".IXIC","BK4588","IE00B64PRP62.GBP","BK4112","FTEL","TQQQ","BK4585","IE00BKPKM429.USD","NDAQ","BK4200","IE00B3QW5Z07.USD","USAW.SI","PSQ","LU2210150020.SGD","LU2095319765.USD","SQQQ","NVIW.SI","QID","NQmain","QLD","TSYW.SI","IE00BGHQF748.EUR","LU2210149790.SGD","USJW.SI"],"gpt_icon":1},{"id":"2524082216","title":"Fitell Corporation Receives Nasdaq Notification on Minimum Bid Price","url":"https://stock-news.laohu8.com/highlight/detail?id=2524082216","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524082216?lang=en_us&edition=fundamental","pubTime":"2025-04-04 04:47","pubTimestamp":1743713273,"startTime":"0","endTime":"0","summary":"Fitell Corporation ( ($FTEL) ) has shared an update. On April 3, 2025, Fitell Corporation announced that it received a notification from Nasdaq ind...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-receives-nasdaq-notification-on-minimum-bid-price?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-receives-nasdaq-notification-on-minimum-bid-price?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["NDAQ","BK4122","BK4588","BK4585","IE00B64PRP62.GBP","IE00BGHQF748.EUR","MNQmain","IE00BKPKM429.USD","QLD","TQQQ","SQQQ","NVIW.SI","BK4200","IE00B3QW5Z07.USD","QID","USJW.SI","TSYW.SI","LU2210150020.SGD","NQmain","FTEL","USAW.SI","BK4112","LU2095319765.USD","LU2210149790.SGD","PSQ",".IXIC"],"gpt_icon":0},{"id":"2524213201","title":"Fitell Corporation Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Requirement","url":"https://stock-news.laohu8.com/highlight/detail?id=2524213201","media":"GlobeNewswire","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2524213201?lang=en_us&edition=fundamental","pubTime":"2025-04-04 04:15","pubTimestamp":1743711300,"startTime":"0","endTime":"0","summary":"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 Ap","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/04/03/3055607/0/en/Fitell-Corporation-Announces-Receipt-of-Nasdaq-Notification-Regarding-Minimum-Bid-Price-Requirement.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IE00B3QW5Z07.USD","NDAQ","PSQ","SQQQ","QLD","FTEL","BK4585","LU2095319765.USD","USJW.SI","QID","MNQmain","IE00BKPKM429.USD","IE00BGHQF748.EUR","BK4200","LU2210149790.SGD","BK4122","LU2210150020.SGD",".IXIC","BK4112","NVIW.SI","TSYW.SI","IE00B64PRP62.GBP","USAW.SI","NQmain","BK4588","TQQQ"],"gpt_icon":1},{"id":"2522125389","title":"Fitell Corporation Announces that it will hold its Extraordinary General Meeting of Shareholders on Apri 9, 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2522125389","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522125389?lang=en_us&edition=fundamental","pubTime":"2025-03-26 23:23","pubTimestamp":1743002580,"startTime":"0","endTime":"0","summary":"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 M","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/03/26/3049885/0/en/Fitell-Corporation-Announces-that-it-will-hold-its-Extraordinary-General-Meeting-of-Shareholders-on-Apri-9-2025.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4200","BK4122","FTEL"],"gpt_icon":0},{"id":"2513240742","title":"Is Fitell Corporation (FTEL) the Best Get Rich Quick Stock to Invest In?","url":"https://stock-news.laohu8.com/highlight/detail?id=2513240742","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513240742?lang=en_us&edition=fundamental","pubTime":"2025-02-24 19:28","pubTimestamp":1740396503,"startTime":"0","endTime":"0","summary":"We recently compiled a list of the 10 Best Get Rich Quick Stocks To Invest In.In this article, we are going to take a look at where Fitell Corporation  stands against the other stocks.What are the odds of a third consecutive year of gains in the US equity markets?If history is anything to go by, the likelihood of US equity markets finishing at a high for a third consecutive year is low. \"Historically, the likelihood is about 1 in 5,\" says Sam Stovall, chief investment strategist at CFRA. While history tends to repeat itself, the chief investment strategist believes there is a high chance that investors will enjoy significant returns, as has been the case in the past two years.\"Our preferred sectors in a world of supply chain strain driven by multipolar escalation and/or new tariffs vary by region — in some regions there are clear sector implications while in others it is about identifying relative opportunities within sectors. In the U.S., our Equity Strategy team prefers services  ove","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/fitell-corporation-ftel-best-rich-112823653.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4588","LU0267386448.USD","LU1732799900.SGD","PSQ","USAW.SI","LU0795875086.SGD","IE00BZ1G4Q59.USD","BK4200","NQmain","LU1732800096.USD","LU2028103732.USD","SQQQ","LU1074936037.SGD","LU0912757837.SGD","LU1720051108.HKD","BK4534","NVIW.SI","LU1363072403.SGD","MNQmain","LU0006306889.USD","LU1989772923.USD","FTEL","IE00BKVL7J92.USD","BK4516","LU0314104364.USD","QID","LU2357305700.SGD","LU0320765646.SGD","TQQQ","LU2133065610.SGD","TSYW.SI","BK4581","LU0795875169.SGD","LU0106261372.USD",".IXIC","USJW.SI","BK4504","LU2023251221.USD","QLD","LU1668664300.SGD","LU1720051017.SGD","BK4127","LU0098860793.USD","LU1162221912.USD","LU2271345857.HKD","LU0106831901.USD","LU1548497426.USD","LU0158827781.USD","BK4585"],"gpt_icon":1},{"id":"2510538450","title":"Fitell prices 796,813 shares at $5.02 in updated registered direct offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2510538450","media":"TipRanks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510538450?lang=en_us&edition=fundamental","pubTime":"2025-02-11 21:50","pubTimestamp":1739281837,"startTime":"0","endTime":"0","summary":"Fitell  Corporation has revised certain terms of its previously announced registered direct offering. Pursuant to the revised terms, the Company has agreed to issue and sell an aggregate 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 will have an exercise price of $5.02 per share, will be exercisable immediately upon issuance and will expire three years following the issaunce date. The offering is still expected to close on or about February 10, 2025, subject to the satisfaction of customary closing conditions. Rodman & Renshaw is acting as the exclusive placement agent for the offering.Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/fitell-prices-796-813-shares-135037534.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/fitell-prices-796-813-shares-135037534.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4200","FTEL","BK4122"],"gpt_icon":0},{"id":"2510865687","title":"Fitell Corporation Updates Terms of $10 Million Stock Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2510865687","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510865687?lang=en_us&edition=fundamental","pubTime":"2025-02-10 22:48","pubTimestamp":1739198924,"startTime":"0","endTime":"0","summary":"Fitell Corporation ( ($FTEL) ) has provided an update. On February 10, 2025, Fitell Corporation announced revisions to its registered direct offeri...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-updates-terms-of-10-million-stock-offering?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-updates-terms-of-10-million-stock-offering?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["FTEL","BK4200","BK4122"],"gpt_icon":0},{"id":"2510126857","title":"Fitell Corporation Announces Updated Registered Direct Offering for up to $10.0 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2510126857","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2510126857?lang=en_us&edition=fundamental","pubTime":"2025-02-10 21:45","pubTimestamp":1739195100,"startTime":"0","endTime":"0","summary":"$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 Corporati","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/02/10/3023459/0/en/Fitell-Corporation-Announces-Updated-Registered-Direct-Offering-for-up-to-10-0-Million.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["FTEL","BK4200","BK4122"],"gpt_icon":0},{"id":"2509728127","title":"Fitell Corporation Announces $10 Million Direct Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509728127","media":"TIPRANKS","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509728127?lang=en_us&edition=fundamental","pubTime":"2025-02-08 05:57","pubTimestamp":1738965448,"startTime":"0","endTime":"0","summary":"Fitell Corporation ( ($FTEL) ) has issued an update. On February 7, 2025, Fitell Corporation announced a definitive agreement with an institutional...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-announces-10-million-direct-offering?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/fitell-corporation-announces-10-million-direct-offering?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["FTEL","BK4200","BK4122"],"gpt_icon":0},{"id":"2509720992","title":"BUZZ-Fitell Corp tumbles after pricing stock offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509720992","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509720992?lang=en_us&edition=fundamental","pubTime":"2025-02-08 03:02","pubTimestamp":1738954922,"startTime":"0","endTime":"0","summary":"BUZZ-Fitell Corp tumbles after pricing stock offering** Shares of fitness equipment retailer Fitell Corp FTEL.O fall 57% to $2.70** FTEL says it is raising $10 million by selling about 2 million shares and warrants to an institutional investor in a registered direct offering** The offering price is $5.02/shr; represents a 20% discount to the FTEL's last close** Company says the net proceeds will be used for the development and commercial launch of smart fitness equipment and general corporate purposes** Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering** FTEL has 20.1 million outstanding shares, with a market capital of $126.4 million, according to data compiled by LSEG** FTEL gained 432% in 2024  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250207:nL4N3OY1QS:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4200","BK4122","FTEL"],"gpt_icon":0},{"id":"2509723832","title":"Fitell Shares Drop After Direct Offering Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2509723832","media":"Dow Jones","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509723832?lang=en_us&edition=fundamental","pubTime":"2025-02-07 23:59","pubTimestamp":1738943940,"startTime":"0","endTime":"0","summary":"Fitell shares were down 28% to $4.55 after the company entered into a definitive agreement with an institutional investor for the issuance and sale in a registered direct offering of about 2 million shares and warrants to buy up to about another 2 million shares.The purchase price is $5.02 per ordinary share and associated warrant.The Australia-based fitness-equipment retailer said 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 Monday.The proceeds to the company from the offering are expected to be about $10 million. Fitell said it intends to use the proceeds for the development and commercial launch of smart fitness equipment and for general corporate purposes and working capital.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","BK4200","FTEL"],"gpt_icon":0},{"id":"2509474691","title":"Fitell Agrees to $10 Million Equity, Warrant Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509474691","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509474691?lang=en_us&edition=fundamental","pubTime":"2025-02-07 21:42","pubTimestamp":1738935756,"startTime":"0","endTime":"0","summary":"Fitell  said it has agreed to a registered direct offering to an institutional investor of about 2 million shares at $5.02 per share and warrants to purchase up to about 2.0 million shares at an exercise price of $5.02, for gross proceeds of about $10.0 million.The offering is expected to close Monday, the company said.The company said it plans to use the net proceeds from the offering to develop and launch smart fitness equipment and for general corporate purposes.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4200","BK4122","FTEL","EQR","BK4588","BK4215","BK4585"],"gpt_icon":0},{"id":"2509516743","title":"Fitell Corporation Announces $10.0 Million Registered Direct Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2509516743","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509516743?lang=en_us&edition=fundamental","pubTime":"2025-02-07 21:00","pubTimestamp":1738933200,"startTime":"0","endTime":"0","summary":"Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.The gross proceeds to the Company from the offering are expected to be approximately $10.0 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company intends to use the net proceeds for the development and commercial launch of smart fitness equipment and for general corporate purposes and working capital. The Company may also use a portion of the net proceeds from this offering to acquire or invest in complementary businesses, technologies, or other intellectual property, although the Company has no present commitments or agreements to do so.This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein or any other securities, nor shall there be any sale of the securities described herein or any other securities in any state or other jurisdiction in which such an offer, 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