Fitell Corporation Receives 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement
Fitell Corporation (NASDAQ: FTEL) received a 180-calendar-day extension from Nasdaq’s Listing Qualifications Department to regain compliance with the minimum bid price requirement under Rule 5550(a)(2), extending the cure period to March 30, 2026. Nasdaq noted Fitell meets the market value of publicly held shares and other initial listing requirements except the bid price.
Fitell implemented a 1-for-16 share consolidation, effective September 23, 2025, intended to stabilize its stock price and help restore compliance. The company operates online gym and fitness retail via subsidiary GD Wellness and reports serving over 100,000 customers and offering >2,000 SKUs.
Fitell Corporation (NASDAQ: FTEL) ha ricevuto un'estensione di 180 giorni di calendario dal Dipartimento di Listing Qualifications della Nasdaq per tornare a rispettare il requisito minimo di prezzo di offerta secondo la Regola 5550(a)(2), prolungando il periodo di correzione al 30 marzo 2026. Nasdaq ha rilevato che Fitell soddisfa la valore di mercato delle azioni detenute pubblicamente e altri requisiti iniziali di quotazione, eccetto il prezzo di offerta.
Fitell ha implementato un'consolidamento azionario 1-for-16, efficace dal 23 settembre 2025, finalizzato a stabilizzare il prezzo delle azioni e favorire il ripristino della conformità. L'azienda gestisce online gym e vendita al dettaglio di fitness tramite la controllata GD Wellness e riferisce di servire oltre 100.000 clienti e offrire 2.000 SKU.
Fitell Corporation (NASDAQ: FTEL) recibió una extensión de 180 días calendario por parte del Departamento de Calificaciones de Listado de Nasdaq para volver a cumplir con el requisito de precio mínimo de oferta bajo la Regla 5550(a)(2), ampliando el periodo de corrección hasta el 30 de marzo de 2026. Nasdaq señaló que Fitell cumple con el valor de mercado de las acciones en circulación y otros requisitos iniciales de listado, excepto el precio de oferta.
Fitell implementó una consolidación de acciones de 1 por 16, vigente a partir del 23 de septiembre de 2025, destinada a estabilizar el precio de sus acciones y ayudar a restablecer el cumplimiento. La empresa opera gimnasios en línea y venta minorista de fitness a través de la filial GD Wellness y reporta atender a más de 100.000 clientes y ofrecer 2.000 SKU.
Fitell Corporation (NASDAQ: FTEL)은 나스닥 상장 자격 부서로부터 최소 주문 가격 요건을 준수하기 위한 180일의 달력 연장을 받아 2026년 3월 30일까지 구제 기간을 연장했습니다. 나스닥은 Fitell이 공개 보유주식의 시가총액 및 기타 초기 상장 요건을 충족하지만 주가(가격)만 충족하지 못한다고 지적했습니다.
Fitell은 1대 16의 주식 합병을 2025년 9월 23일부터 시행하여 주가를 안정시키고 규정 준수를 회복하는 데 도움을 주고자 합니다. 이 회사는 자회사 GD Wellness를 통해 온라인 피트니스 짐 및 소매 사업을 운영하고 있으며 10만 명 이상의 고객과 2,000 SKU를 제공한다고 보고합니다.
Fitell Corporation (NASDAQ: FTEL) a reçu une prolongation de 180 jours calendaires de la part du Département des Qualifications de Cotation de Nasdaq afin de regagner la conformité avec l’exigence de prix d’offre minimum en vertu de la Règle 5550(a)(2), prolongeant la période de cure jusqu’au 30 mars 2026. Nasdaq a noté que Fitell satisfait la valeur marchande des actions en circulation et d’autres exigences initiales d’inscription, à l’exception du prix d’offre.
Fitell a mis en œuvre une consolidation d’actions de 1 pour 16, effective le 23 septembre 2025, destinée à stabiliser le prix de ses actions et à aider à rétablir la conformité. L’entreprise exploite un gym en ligne et la vente au détail de fitness via sa filiale GD Wellness et déclare servir plus de 100 000 clients et offrir >2 000 SKU.
Fitell Corporation (NASDAQ: FTEL) erhielt eine 180-tägige Verlängerung vom Listing Qualifications Department der Nasdaq, um die Einhaltung der Mindest-Notierungspreis-Anforderung gemäß Regel 5550(a)(2) zu erreichen, wodurch der Heilungszeitraum bis zum 30. März 2026 verlängert wird. Nasdaq stellte fest, dass Fitell den Marktwert der öffentlich gehandelten Aktien und andere anfängliche Börseneinführungsanforderungen erfüllt, außer dem Handelspreis.
Fitell führte eine 1-für-16-Aktienspiegelung durch, die am 23. September 2025 wirksam wurde, mit dem Ziel, den Aktienkurs zu stabilisieren und die Einhaltung wiederherzustellen. Das Unternehmen betreibt Online-Fitnessstudios und den Einzelhandel über die Tochter GD Wellness und meldet, mehr als 100.000 Kunden zu bedienen und 2.000 SKU anzubieten.
شركة فيتل (ناسداك: FTEL) تلقت تمديداً لمدة 180 يوماً تقويمياً من قسم مؤهلات الإدراج في ناسداك للامتثال مرة أخرى بمتطلب سعر العرض الأدنى وفق القاعدة 5550(a)(2)، مما مدت فترة التصحيح حتى 30 مارس 2026. أشارت ناسداك إلى أن فيتل تفي بقيمة السوق لأسهمها التي تملكها الجمهور ومتطلبات الإدراج الأولية الأخرى باستثناء سعر العرض.
نفذت فيتل عملية التجميع 1 مقابل 16 أسهم، والتي سارية اعتباراً من 23 سبتمبر 2025، بهدف استقرار سعر السهم ومساعدة الشركات على استعادة الامتثال. تعمل الشركة في الحضور عبر الإنترنت للياقة البدنية وتجزئة بيع التجزئة عبر الشركة التابعة GD Wellness وتذكر أنها تخدم أكثر من 100,000 عميل وتعرض 2,000 SKU.
Fitell Corporation (NASDAQ: FTEL) 已从纳斯达克上市资格部获得180个日历日的延期，以便重新符合最低买入价要求，依据规则5550(a)(2)，将纠正期延长至2026年3月30日。纳斯达克指出，Fitell在公开持股市值和其他初始上市要求方面均符合，除了买入价。
Fitell 实施了一个1比16的股票合并，自2025年9月23日起生效，旨在稳定其股价并帮助恢复合规性。公司通过子公司 GD Wellness 运营在线健身房和健身零售业务，报告服务超过100,000 名客户，并提供2,000 SKU。
- Nasdaq granted a 180‑day compliance extension to Mar 30, 2026
- Share consolidation executed at 1‑for‑16 effective Sep 23, 2025
- Company meets market‑value and other Nasdaq initial listing requirements
- Class A ordinary shares remain noncompliant with Nasdaq minimum bid price
- Must regain compliance by Mar 30, 2026 or face potential delisting
Insights
Nasdaq granted Fitell a 180‑day extension; the company executed a 1‑for‑16 share consolidation to address the minimum bid requirement.
The notice confirms Fitell met all Nasdaq Capital Market requirements except the minimum bid price, and Nasdaq extended the cure period to March 30, 2026. The company implemented a 1‑for‑16 share consolidation effective September 23, 2025 as the remedial action.
What it means: the extension preserves Fitell's listing status while the consolidation raises the per‑share price mechanically to help meet the bid requirement. Why it matters: a granted cure period and an executed consolidation reduce immediate delisting risk and maintain access to the Nasdaq Capital Market, which keeps public trading and related listing benefits intact.
Monitorable item: the company must demonstrate a sustained closing bid at or above Nasdaq’s minimum by March 30, 2026.
Sydney, Australia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until March 30, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
The additional compliance period is granted based on the Company's compliance of the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market, except for the bid price requirement, and providing written notice of its intention to cure the deficiency.
To regain compliance, the Company’s class A ordinary shares implemented a share consolidation at a ratio of 1-for-16, effective on September 23, 2025. This share consolidation is a strategic move to stabilize the stock price and improve the Company's standing on the Nasdaq Capital Market. By implementing this share consolidation, Fitell aims to enhance its stock’s appeal to investors and ensure compliance with Nasdaq's continued listing requirements. Further, this move is crucial for Fitell to maintain its listing on the Nasdaq Capital Market, and continue its operations effectively and strategically.
About Fitell Corporation
Fitell Corporation, through GD Wellness Pty Ltd (“GD”), its wholly owned subsidiary, is an online retailer of gym and fitness equipment both under its proprietary brands and other brand names in Australia. The company’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years. The Company’s brand portfolio can be categorized into three proprietary brands under its Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping units (SKUs). For additional information, please visit the Company’s website at www.fitellcorp.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including market and other conditions, and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Chief Financial Officer
Edwin Tam
edwin@gymdirect.com.au
Investor Relations
ir@fitellcorp.com
FAQ
What did Fitell (FTEL) announce on October 3, 2025 about Nasdaq compliance?
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