GlobeNewswire·Dec 1, 2025, 8:30 AM ET

Fitell Corporation Announces $3 Million Share Repurchase Program

Fitell Corporation's board approved a share repurchase program to buy up to $3 million of Class A ordinary shares over the next 24 months.
Repurchases may occur via open market purchases, block trades, or other means in compliance with Rule 10b-18 of the Securities Exchange Act of 1934.
The program is funded using existing cash & future operating cash flows, with repurchased shares held as treasury stock or cancelled.
The program does not obligate the company to acquire a specific number of shares & may be adjusted, suspended, or terminated at any time.
CEO Sam Lu stated the initiative aims to return value to shareholders as the company believes its balance sheet has strengthened & market valuation does not fully reflect operational progress.
Fitell remains focused on strategic goals including e-commerce operations, AI-driven robotics development, & digital asset treasury management.
The company is a Taren Point, Australia-based online retailer of gym equipment serving over 100,000 customers under brands like Muscle Motion, Rapid Motion, & FleetX.
Fitell Corporation is furnishing a Form 6-K to the SEC concurrently with this press release.