Fitell Corporation Announces Updated 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 that it has revised certain terms of its previously announced registered direct offering. Pursuant to the revised terms, the Company has agreed to issue and sell an aggregate 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 will have an exercise price of $5.02 per s
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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