The Crone Law Group, P.C. acted as Issuer’s Counsel to Fitell Corporation in its Closing of a Registered Direct Offering of up to $10.0 Million (Nasdaq: FTEL).

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, 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.

The Crone Law Group, P.C. led by Liang Shih, acted as issuer counsel.