- Fitell Corporation (FTEL) announced on **October 16, 2025**, that it received notification on **October 15, 2025**, from Nasdaq that it has regained compliance with the minimum bid price requirement.  **[1928581_0001493152-25-018257_ex99-1.htm:0]** 
- To achieve compliance, the company maintained a closing bid price of at least **$1.00 per share** for **16 consecutive business days**, specifically from **September 23, 2025, to October 14, 2025**.  **[1928581_0001493152-25-018257_ex99-1.htm:0]** 
- Nasdaq has determined that the matter regarding the minimum bid price requirement is now closed.  **[1928581_0001493152-25-018257_ex99-1.htm:0]**

Fitell Corporation Regains Nasdaq Compliance

- Fitell Corporation completed the **second closing** of its Securities Purchase Agreement on **October 8, 2025**, issuing an additional **$4 million** Series A Senior Secured Convertible Note at a purchase price of **$3,920,000**.  **[1928581_0001493152-25-017435_form6-k.htm:1]** 
- This transaction is part of an agreement allowing the company to sell up to an aggregate of **$100 million** in newly issued senior secured convertible notes.  **[1928581_0001493152-25-017435_form6-k.htm:1]** 
- The notes bear an annual interest rate of **6.0%**, payable monthly, primarily in Ordinary Shares, and are convertible into Class A ordinary shares.  **[1928581_0001493152-25-017435_form6-k.htm:2]** 
- Net proceeds from the second closing are designated for **working capital and general corporate purposes**, while at least **70%** of net proceeds from any additional closings will be used to purchase certain cryptocurrency.  **[1928581_0001493152-25-017435_form6-k.htm:1]**

Fitell Corporation Completes Second Closing of Convertible Note Issuance

- Fitell Corporation (FTEL) has received a **180-calendar-day extension** from The Nasdaq Stock Market LLC to regain compliance with its minimum bid price requirement.  **[1928581_0001493152-25-016779_form6-k.htm:0]** **[1928581_0001493152-25-016779_ex99-1.htm:0]** 
- The new deadline for compliance is **March 30, 2026**, by which the company's class A ordinary shares must achieve a closing bid price of at least **$1.00 per share** for a minimum of **ten consecutive business days**.  **[1928581_0001493152-25-016779_form6-k.htm:0]** 
- To address the deficiency, Fitell implemented a **1-for-16 share consolidation**, effective **September 23, 2025**, aiming to stabilize the stock price and enhance its standing on the Nasdaq Capital Market.  **[1928581_0001493152-25-016779_ex99-1.htm:0]**

Fitell Corporation Receives Nasdaq Minimum Bid Price Compliance Extension

- Fitell Corporation announced the purchase of **216.8 million Pump.fun (PUMP) tokens** on **October 1, 2025**, for a total of **$1.5 million**.  **[1928581_0001493152-25-016610_ex99-1.htm:0]** 
- These tokens have been allocated to the company's **corporate treasury**, representing its first direct purchase of PUMP tokens.  **[1928581_0001493152-25-016610_ex99-1.htm:0]** 
- CEO Sam Lu stated that this transaction deepens Fitell's participation in Solana's growth story and diversifies its digital asset treasury.  **[1928581_0001493152-25-016610_ex99-1.htm:0]**

Fitell Corporation Purchases PUMP Tokens for Digital Asset Treasury

- Fitell Corporation (FTEL) announced on **September 24, 2025**, the completion of its initial acquisition of **46,144 Solana (SOL)** for approximately **$10 million**.  **[1928581_0001493152-25-014731_ex99-1.htm:0]** 
- This purchase marks the first strategic step under the company's Solana treasury initiative.  **[1928581_0001493152-25-014731_ex99-1.htm:0]** 
- The acquisition follows the first closing under FTEL's **$100 million financing facility**.  **[1928581_0001493152-25-014731_ex99-1.htm:0]** 
- The company plans to allocate at least **70% of net proceeds** from subsequent closings of this facility towards additional cryptocurrency acquisitions.  **[1928581_0001493152-25-014731_ex99-1.htm:0]**

Fitell Corporation Completes Initial Solana Purchase

- Fitell Corporation entered into a Securities Purchase Agreement to sell up to **$100 million** in newly issued senior secured convertible notes to an institutional investor.  **[1928581_0001493152-25-014563_form6-k.htm:1]** 
- On **September 23, 2025**, the company completed an initial closing, issuing **$11 million** in Series A Notes for an aggregate purchase price of **$10,780,000**, with these notes due on **September 23, 2027**.  **[1928581_0001493152-25-014563_form6-k.htm:1]** 
- At least **$10 million** of the net proceeds from the initial closing will be used to purchase cryptocurrency, with the remainder for working capital and general corporate purposes.  **[1928581_0001493152-25-014563_form6-k.htm:1]** 
- A second closing for **$4 million** in Series A Notes is expected upon the company regaining compliance with Nasdaq's minimum bid price requirement or receiving a 180-day extension.  **[1928581_0001493152-25-014563_form6-k.htm:1]** 
- Subsequent closings, potentially up to an additional **$85 million**, are subject to certain conditions, with at least **70%** of those net proceeds also designated for cryptocurrency purchases.  **[1928581_0001493152-25-014563_form6-k.htm:1]**

Fitell Corporation Secures Up To $100 Million Financing Facility

- Fitell Corporation announced a **1-for-16 share consolidation** of its ordinary shares.  **[1928581_0001493152-25-014089_form6-k.htm:0]** **[1928581_0001493152-25-014089_ex99-1.htm:0]** 
- The share consolidation will become effective on **September 23, 2025**, with trading on a post-consolidation basis expected to begin at market open on that date.  **[1928581_0001493152-25-014089_form6-k.htm:0]** **[1928581_0001493152-25-014089_ex99-1.htm:0]** 
- The primary reason for this action is to ensure the Company meets the **minimum bid price requirement** for continued listing on The Nasdaq Capital Market.  **[1928581_0001493152-25-014089_form6-k.htm:0]** **[1928581_0001493152-25-014089_ex99-1.htm:0]** 
- The share consolidation was approved by shareholders on **April 9, 2025**, and the Board of Directors fixed the effective date on **September 4, 2025**.  **[1928581_0001493152-25-014089_ex99-1.htm:0]**

Fitell (FTEL)