Neutral
GlobeNewsWire
29 days ago
Fitell Corporation Announces Share Consolidation
TAREN POINT, Australia, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (the “Company”), today announced that it will effect a share consolidation of (i) its outstanding Class A ordinary shares, par value of $0.0016 per share, at a ratio of 1-for-8, with a post-share consolidation par value of $0.0128, and (ii) its outstanding Class B ordinary shares, par value of $0.0016, at a ratio of 1-for-2, with a post-share consolidation par value of $0.0032, effective on January 8, 2026 (the “Share Consolidation”). The Company's Class A ordinary shares are expected to begin trading on a post-consolidation basis at the open of the market session on January 8, 2026. Upon the market opening on January 8, 2026, the Company's Class A ordinary shares will continue to be traded on The Nasdaq Capital Market under the symbol “FTEL” with the new CUSIP number G35150146. This decision represents a deliberate capital structure optimization, aligning the company's market profile with its significant operational progress and ambitious future roadmap.