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Fitell (NASDAQ: FTEL) completes redomiciliation to British Virgin Islands

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Fitell Corporation has completed its redomiciliation from the Cayman Islands to the British Virgin Islands as a BVI business company, following shareholder approval at an extraordinary general meeting on December 12, 2025. The move was completed after the close of trading on the Nasdaq Capital Market on March 6, 2026.

All issued and outstanding ordinary shares of Fitell were exchanged on a one-for-one basis for newly issued ordinary shares of the BVI company, so existing ownership percentages remain the same. Fitell’s Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol FTEL, with a new CUSIP number.

The company expects the redomiciliation to save costs, streamline reporting requirements, and reduce administrative burden for both the company and investors. Fitell continues to operate its Australian-based online gym and fitness equipment retail business through its wholly owned subsidiary GD Wellness Pty Ltd.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number 001-41774

 

Fitell Corporation

(Translation of registrant’s name into English)

 

23-25 Mangrove Lane

Taren Point, NSW 2229

Australia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

CONTENTS

 

On March 5, 2026, Fitell Corporation issued a press release titled “Fitell Corporation Announces Completion of Redomiciliation to the British Virgin Islands”. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.

 

INCORPORATION BY REFERENCE

 

The information contained in this Form 6-K shall be deemed filed with the Securities and Exchange Commission (“SEC”) solely for purposes of incorporation by reference into and as part of the registration statements on Form F-3 (File No.333-284232) of the registrant on file with the SEC.

 

Exhibit No.   Description
99.1   Press Release: Fitell Corporation Announces Completion of Redomiciliation to the British Virgin Islands

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 5, 2026 FITELL CORPORATION
         
  By: /s/ Yinying Lu
    Yinying Lu
    Chief Executive Officer and Director
    (Principal Executive Officer)

 

 

 

Exhibit 99.1

 

Fitell Corporation Announces Completion of Redomiciliation to the British Virgin Islands

 

Taren Point, Australia, March 5, 2026 (GLOBE NEWSWIRE) — Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) announced completion of its redomiciliation from the Cayman Islands to the British Virgin Islands as a BVI business company (the “BVI Company”). The redomiciliation was approved by the shareholders of the Company at the Company’s extraordinary general meeting of shareholders on December 12, 2025.

 

The redomiciliation was completed following the close of trading on the Nasdaq Capital Market on March 6, 2026. At completion, all issued and outstanding ordinary shares of Fitell were exchanged on a one-for-one basis for newly issued shares of ordinary shares of the BVI Company. Fitell’s class A ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol “FTEL” with the new CUSIP number G3514S104.

 

The Company expects the redomiciliation to save costs and streamline reporting requirements, in addition to reducing the associated administrative burden for the Company and investors.

 

For more information on the redomiciliation of the Company, please refer to the Company’s filings with the Securities and Exchange Commission, which are available on its Investor Relations website.

 

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

 

Certain statements in this release, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions. Forward-looking statements are based on current expectations and assumptions, and are subject to risks and uncertainties, regulatory issues, unanticipated issues on Nasdaq with respect to implementing the loyalty payment, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission (the “Commission”) including its Form 20-F for the year ended June 30, 2025 which was filed on November 14, 2025 and Form 6-K reports filed in connection with our earnings result and other filings with the Commission. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, except to the extent required by law. We cannot guarantee that future results reflected in the forward-looking statements will occur.

 

For more information, please contact:

 

Chief Financial Officer
Edwin Tam
edwin@gymdirect.com.au

 

Investor Relations
ir@fitellcorp.com

 

 

 

FAQ

What did Fitell Corporation (FTEL) announce in this Form 6-K?

Fitell Corporation announced completion of its redomiciliation from the Cayman Islands to the British Virgin Islands as a BVI business company. The change follows prior shareholder approval and is intended to simplify its corporate structure and regulatory environment.

How does Fitell’s redomiciliation affect existing FTEL shareholders?

At completion, all issued and outstanding ordinary shares were exchanged one-for-one for new ordinary shares of the BVI company. This maintains each investor’s proportional ownership while simply changing the jurisdiction of the issuing entity, rather than altering the economic rights.

Will Fitell Corporation’s Nasdaq listing or ticker change after redomiciliation?

Fitell’s Class A ordinary shares will continue trading on the Nasdaq Capital Market under the symbol FTEL. The only trading-related change disclosed is a new CUSIP number, G3514S104, associated with the British Virgin Islands corporate structure.

When was Fitell’s redomiciliation to the British Virgin Islands completed?

The redomiciliation was completed following the close of trading on the Nasdaq Capital Market on March 6, 2026. This timing marks when the company became a BVI business company and the share exchange took effect for existing shareholders.

Why did Fitell Corporation decide to redomicile to the British Virgin Islands?

Fitell states that it expects the redomiciliation to save costs, streamline reporting requirements, and reduce administrative burden. These anticipated benefits apply both to the company’s internal compliance processes and to investors interacting with the new BVI corporate structure.

What business does Fitell Corporation (FTEL) operate after redomiciliation?

Fitell continues to operate as an online retailer of gym and fitness equipment in Australia through its wholly owned subsidiary GD Wellness Pty Ltd. It sells both proprietary brands and third-party products, with thousands of SKUs and a large base of repeat customers.

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Fitell Corporation

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