05:14 PM EDT, 09/18/2025 (MT Newswires) -- Fitell ( FTEL ) said Thursday it will implement a 1-for-16 share consolidation of its ordinary shares, effective Sept. 23.

The company said its class A shares will continue to trade on the Nasdaq Capital Market under the ticker FTEL with a new CUSIP number.

Fitell ( FTEL ) said the consolidation, approved by shareholders in April, is intended to help the company meet Nasdaq's minimum bid price requirement.