Fitell Corporation Announces Share Consolidation

TAREN POINT, Australia, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (the “Company”), an online retailer of gym and fitness equipment in Australia, today announced that it will effect a share consolidation of its ordinary shares, par value of $0.0001 per share, at a ratio of 1-for-16, with a post-share consolidation par value of $0.0016, effective on September 23, 2025 (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 September 23, 2025. Upon the market opening on September 23, 2025, 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 G35150138.