Fitell Corporation Sets Date for Extraordinary Shareholder Meeting
Fitell Corporation Announces Extraordinary General Meeting
TAREN POINT, Australia, March 26, 2025 — Fitell Corporation (Nasdaq: FTEL) is excited to inform its shareholders that it will convene its Extraordinary General Meeting (EGM) on April 9, 2025, at 10:00 a.m., local time. This important gathering will take place at Level 17, Tower 2, Lumia International Building, located in Guangzhou, China. Shareholders are encouraged to join as vital decisions about the company’s future will be discussed.
Details Surrounding the Upcoming Meeting
On March 24, 2025, the company formally notified shareholders about the EGM, distributing the EGM Notice in compliance with the relevant provisions of the Cayman Islands laws. This notice outlines the voting processes at the meeting, specific proposals up for consideration, and additional materials for shareholders, including the Second Amended and Restated Memorandum and Articles of Association along with a proxy form.
Voting and Participation
All registered shareholders at the close of business on March 12, 2025, are eligible to receive the EGM Notice. They are invited to attend and vote on various important proposals, which include:
- The Share Capital Reorganisation Proposal
- The Charter Amendment Proposal
- The Share Repurchase and Issuance Proposal
- The Share Consolidation Proposal
- The Share Consolidation Memorandum Amendment Proposal
The comprehensive details regarding these proposals are provided in the EGM Notice.
Company Reporting and Shareholder Engagement
Fitell Corporation not only sent out the EGM Notice but also submitted a 6-K report to the Securities and Exchange Commission (SEC) on the same date. This report includes the EGM Notice as an exhibit, allowing shareholders to access all necessary documentation for informed decision-making.
About Fitell Corporation and Its Mission
Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, acts as a premier online retailer of gym and fitness equipment both under proprietary brands as well as well-known third-party names throughout Australia. The company is on a mission to cultivate a complete ecosystem that provides a top-notch fitness and wellness experience, driven by innovative technology.
Serving a Growing Customer Base
Over the years, Fitell has proudly catered to more than 100,000 customers, with a noteworthy proportion of sales stemming from repeat buyers. The brand portfolio spans three proprietary brands under Gym Direct: Muscle Motion, Rapid Motion, and FleetX, collectively featuring more than 2,000 stock-keeping units (SKUs). This extensive inventory ensures that customers can easily find the right fitness solution for their needs.
Upcoming Initiatives and Outlook
As the company approaches the date of the EGM, it remains focused on enhancing shareholder value and strengthening its market position. Fitell is committed to transparency and invites shareholders to engage actively during the meeting to help shape the company's future direction.
Frequently Asked Questions
When is the Fitell Corporation EGM scheduled?
The Extraordinary General Meeting is set for April 9, 2025, at 10:00 a.m., local time.
Where will the EGM be held?
The EGM will take place at Level 17, Tower 2, Lumia International Building, Guangzhou, China.
What proposals will be voted on at the EGM?
Key proposals include the Share Capital Reorganisation, Charter Amendment, Share Repurchase and Issuance, and others.
How can shareholders participate in the EGM?
Registered shareholders as of March 12, 2025, can attend the meeting and vote on the proposals outlined in the EGM Notice.
Where can I find more information on Fitell Corporation?
For additional details, shareholders can visit the company's website at www.fitellcorp.com.
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