Fitell Corporation announced a share consolidation effective January 8, 2026. The company's Class A ordinary shares will be consolidated at a 1-for-8 ratio, and Class B ordinary shares at a 1-for-2 ratio. Following the consolidation, Class A shares will continue to trade on Nasdaq under the symbol "FTEL" with a new CUSIP number G35150146. The move is aimed at optimizing the company’s capital structure and supporting future growth initiatives.
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: GNW9619884-en) on January 05, 2026, and is solely responsible for the information contained therein.