Fitell Corporation (NASDAQ: FTEL) has implemented a 1-for-16 share consolidation, effective September 23, 2025. This move aims to stabilize the stock price and help the company maintain compliance with Nasdaq's minimum bid price requirement, following a 180-day extension granted by the exchange.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-016779), on October 03, 2025, and is solely responsible for the information contained therein.