Fitell Corporation Announces $50 Million Stablecoin Financing and 2F Robotics, a Platform for AI-Driven Advanced Robotic Systems
Fitell Corporation - Class A Ordinary Shares (FTEL)
Company Research
Source: GlobeNewswire
Taren Point, Australia, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) today announced that it has entered into a securities purchase agreement with a U.S. based institutional investor to issue a $50 million convertible note. The financing will support the launch of 2F Robotics, a joint venture focused on developing and commercializing AI-driven robotic technologies across consumer and industrial applications. Key Highlights Stablecoin Financing: The net proceeds from the $50 million financing will be converted to stablecoin assets and held with a U.S. custodian.Stablecoin assets may be allocated toward 2F Robotics, the Company’s corporate treasury, or the Company’s fitness operations, subject to market conditions. 2F Robotics: 2F Robotics will be established as a joint venture for the development of AI-driven robotics and automation systems across home, kitchen, fitness, and industrial applications.Product development will be in p
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FTEL
News
- Fitell Announces Corporate Name and Ticker Changes and Rebranding to GMEX RoboticsGlobeNewswire
- Fitell Corporation Announces Completion of Redomiciliation to the British Virgin IslandsGlobeNewswire
- Fitell Corporation Appoints AI and Robotics Executive Jack Zeng as Head of Technology at 2F Robotics to Accelerate Development and Commercialization StrategyGlobeNewswire
- Fitell Corporation Announces Share ConsolidationGlobeNewswire
FTEL
Sec Filings
- 3/13/26 - Form 6-K
- 3/11/26 - Form 6-K
- 3/5/26 - Form 6-K
- FTEL's page on the SEC website