03:56 AM EDT, 04/04/2025 (MT Newswires) -- Fitell ( FTEL ) said late Thursday it has received a notice from the Nasdaq Stock Market that it is not compliant with the exchange's $1 minimum closing bid price requirement for continued listing.

The company has 180 calendar days to regain compliance with the rule by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days, subject to a potential 180-day extension.

The company said it may consider implementing a reverse stock split to cure the deficiency.