Fitell Corporation Announces Closing of Registered Direct Offering for up to $10.0 Million
Fitell Corporation (FTEL)
Company Research
Source: GlobeNewswire
$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants TAREN POINT, Australia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced the closing of its previously announced registered direct offering of 796,813 ordinary shares and an additional investment right to purchase up to 1,195,220 ordinary shares in the form of warrants, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants have an exercise price of $5.02 per share, are exercisable immediately upon issuance and expire three years following the issuance date. Rodman & Rensh
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FTEL
Sec Filings
- 2/14/25 - Form SEC
- 2/10/25 - Form 6-K
- 2/10/25 - Form 424B5
- FTEL's page on the SEC website