Fitell (NASDAQ: FTEL) enacts 1-for-16 reverse split to support Nasdaq listing

Rhea-AI Filing Summary

Fitell Corporation announced that its Board of Directors approved a share consolidation of its outstanding ordinary shares at a 1-for-16 ratio, effective on September 23, 2025, following authorization by shareholders at an Extraordinary General Meeting. After this reverse split, every 16 existing ordinary shares will be combined into 1 share, and the par value per share will be $0.0016.

The consolidation is being implemented to help the company meet the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Fitell’s Class A ordinary shares will continue trading under the symbol “FTEL” and will have a new CUSIP number, G35150138, starting with the market open on the effective date.

Insights

Equity Capital Markets Analyst

Fitell executes a 1-for-16 reverse split to support its Nasdaq listing, with no direct change to total equity value.

Fitell Corporation is consolidating its outstanding ordinary shares at a 1-for-16 ratio, effective on September 23, 2025. This reverse split reduces the number of shares outstanding while increasing the trading price per share mechanically, leaving the company’s overall equity value unchanged in economic terms.

The company states that the move is intended to help satisfy the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Class A ordinary shares will keep the ticker FTEL but will trade under a new CUSIP, G35150138, after the effective date. Actual market impact will depend on how investors respond once trading begins on a post-consolidation basis on September 23, 2025.

Form 6-K: How Foreign Companies Report to the SEC →

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 September 2025

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 ☐

On September 4, 2025, as approved and authorized by the shareholders of Fitell Corporation (the “Company”) at the Extraordinary General Meeting of Members, the Board of Directors of the Company approved a share consolidation of the Company’s outstanding ordinary shares 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 Share Consolidation is being implemented to ensure the Company meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market, its current exchange.

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.

A copy of the press release dated September 18, 2025, announcing the Share Consolidation, is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Exhibit Index

Exhibit No.		Description
99.1		Press Release dated September 18, 2025

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: September 18, 2025	FITELL CORPORATION
	By:	/s/ Yinying Lu
		Yinying Lu
		Chief Executive Officer and Director
		(Principal Executive Officer)

FAQ

What corporate action did Fitell Corporation (FTEL) approve in this 6-K?

Fitell Corporation’s Board approved a share consolidation (reverse stock split) of its outstanding ordinary shares at a 1-for-16 ratio, following shareholder authorization at an Extraordinary General Meeting.

When does the Fitell (FTEL) 1-for-16 share consolidation become effective?

The 1-for-16 share consolidation becomes effective on September 23, 2025, with trading on a post-consolidation basis starting at the market opening that day.

Why is Fitell Corporation (FTEL) implementing a 1-for-16 reverse stock split?

Fitell Corporation is implementing the 1-for-16 share consolidation to help ensure it meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market.

Will Fitell’s ticker symbol change after the share consolidation?

No. Fitell’s Class A ordinary shares will continue trading on The Nasdaq Capital Market under the symbol “FTEL” after the share consolidation becomes effective.

What is the new par value per share for Fitell (FTEL) after the consolidation?

After the 1-for-16 share consolidation, Fitell’s ordinary shares will have a post-consolidation par value of $0.0016 per share.

What is the new CUSIP number for Fitell (FTEL) shares after the reverse split?

Following the effective date of the share consolidation, Fitell’s Class A ordinary shares will trade under the new CUSIP number G35150138.