FITELL CORPORATION FTEL IPO will take place August, 01 on the NASDAQ exchange under the ticker FTEL.
The company is offering shares at an expected price between $5.00 and $6.00 per share with an insider lock-up period of 180 days ending on January 28, 2024.
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About FITELL CORPORATION
Fitell Corporation (the “Company”) runs its business through its wholly owned subsidiary called GD Wellness PTY LTD (“GD”). GD was founded in 2007 and headquartered in New South Wales, Australia. GD is a gym and fitness equipment retailer both under its proprietary brands and other reputable and industry recognized names. GD carries over 2,000 SKUs and has served over 100,000 customers with large portion of sales from repeat customers over the years – a testament of our product quality and brand loyalty. The Company has launched its global expansion strategy with initial geographic focus in South-East Asia markets in late 2021 as described in detailed in Recent Development section below.
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