Business
Fitell Corporation Regains Compliance with Nasdaq Minimum Bid Price Rule
Taren Point, Australia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (...
About this update from First Tellurium Corp
[{"type":"text","content":"Fitell Corporation Regains Compliance with Nasdaq Minimum Bid Price Rule\n\n\n\n Taren Point, Australia, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”), a global provider of fitness equipment and health solutions, today announced that on October 15, 2025, it received a written notification from The Nasdaq Stock Market LLC that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).\n \n\n To regain compliance with the minimum bid price requirement, the Company were required to maintain a closing bid price of its Class A ordinary shares at or above $1.00 per share for at least 10 consecutive business days. Nasdaq’s notice confirmed that Fitell maintained a closing bid price of at least $1.00 for 16 consecutive business days from September 23, 2025 to October 14, 2025. Accordingly, Nasdaq has determined that the matter is now closed.\n \n\n\n\n About Fitell Corporation\n \n\n\n\n\n Fitell Corporation, through GD Wellness Pty Ltd (“GD”), its wholly owned subsidiary, is an online retailer of gym and fitness equipment both under its proprietary brands and other brand names in Australia. The company’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years. The Company’s brand portfolio can be categorized into three proprietary brands under its Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping units (SKUs). For additional information, please visit the Company’s website at\n \n\n\n www.fitellcorp.com\n \n\n\n .\n \n\n\n\n\n Forward-Looking Statements\n \n\n\n\n\n This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, includi...