Fitell Corporation ( (FTEL) ) has shared an update.
On April 3, 2025, Fitell Corporation announced that it received a notification from Nasdaq indicating that its ordinary shares had fallen below the minimum bid price of $1.00 for 30 consecutive business days, a requirement for continued listing on the Nasdaq Capital Market. The notification does not immediately impact the company’s listing or operations, and Fitell has been given until September 29, 2025, to regain compliance. The company is considering options such as a reverse stock split to meet the requirement, and failure to comply could result in delisting.
More about Fitell Corporation
Fitell Corporation is an online retailer of gym and fitness equipment in Australia, operating through its wholly owned subsidiary GD Wellness Pty Ltd. The company offers products under its proprietary brands, including Muscle Motion, Rapid Motion, and FleetX, and aims to provide a comprehensive fitness and wellness experience powered by technology.
YTD Price Performance: -93.08%
Average Trading Volume: 967,518
Technical Sentiment Signal: Strong Buy
For an in-depth examination of FTEL stock, go to TipRanks’ Stock Analysis page.