Fitell Meets Nasdaq Minimum Bid Price Requirements Again
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2025
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Fitell Corporation Compliance: Fitell Corporation received notification from Nasdaq on October 15, 2025, confirming it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
Bid Price Maintenance: The company maintained a closing bid price of at least $1.00 per share for 16 consecutive business days, from September 23, 2025, to October 14, 2025, leading to the closure of the compliance matter.
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About FTEL
Fitell Corporation, through GD Wellness Pty Ltd, its wholly owned subsidiary, is an online retailer of gym and fitness equipment both under its brands and other brand names in Australia. The Company’s brand portfolio is categorized into three brands under its Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping units (SKUs). The Company’s products and services include fitness equipment and licensing business. It markets and sells fitness equipment and related products as well as a shop for business setup from personal training studios to commercial gyms. Its fitness equipment products are sold directly to customers through online or offline platforms. Its licensing business offers turnkey solution for personal training studios and commercial gym chains. Its artificial intelligence (AI)-powered interactive platform, 1FinalRound, provides online training content along with various other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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