$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 the closing of its previously announced registered direct offering 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 have an exercise price of $5.02 per share, are exercisable immediately upon issuance and expire three years following the issuance date.
$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants
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Fitell Corporation (NASDAQ:FTEL ) Q4 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Yiru Xu - Investor Relations Yinying Sam Lu - Chief Executive Officer Jamarson Kong - Chief Financial Officer Operator Good day, everyone and welcome to Fitell Corporation's Fiscal Year of 2023 Financial Results Conference Call. [Operator Instructions] And at this time, I'd like to turn the floor over to Yiru Xu with Investor Relations.