Fitell (FTEL) unveils 2FCulinary AI and details $3.0M buyback plan
Rhea-AI Filing Summary
Fitell Corporation is highlighting two developments: a new AI-powered consumer product and progress on a previously announced stock buyback. The company issued a press release unveiling 2FCulinary AI, described as its first AI-driven personal robot chef designed to create personalized meals.
Fitell also described steps to implement its $3.0 million share repurchase program. It has opened a share repurchase account with Rodman & Renshaw LLC, and the program is expected to start on December 15, 2025, following board approval on November 27, 2025. A repurchase program allows a company to buy back some of its own shares, reducing the amount held by public investors over time.
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FAQ
What did Fitell (FTEL) announce about its new AI product?
Fitell introduced 2FCulinary AI, described as its first AI-driven personal robot chef designed to prepare personalized meals. This launch was detailed in a press release titled “Fitell Corporation Unveils 2FCulinary AI, its first AI-Driven Personal Robot Chef for Personalized Meals.”
What is the size of Fitell’s share repurchase program?
Fitell’s share repurchase program is described as a $3.0 million share repurchase program. This is the maximum dollar amount the company has authorized for buying back its own shares.
When is Fitell’s $3.0 million share repurchase program expected to start?
The share repurchase program is expected to commence on December 15, 2025. This timing follows authorization by the company’s board of directors on November 27, 2025.
Which firm is handling Fitell’s share repurchase activity?
Fitell has established a share repurchase account with Rodman & Renshaw LLC in connection with its $3.0 million share repurchase program.
Was the $3.0 million share repurchase program newly announced in this update?
The company refers to the $3.0 million share repurchase program as having been announced earlier, on December 1, 2025. This update focuses on the account setup and expected start date.
How was the information about 2FCulinary AI and the buyback program communicated?
The company furnished a press release as an exhibit, titled “Fitell Corporation Unveils 2FCulinary AI, its first AI-Driven Personal Robot Chef for Personalized Meals,” and also described steps taken to implement its previously announced $3.0 million share repurchase program.