Investing.com - Financial Markets Worldwide

Fitell Corp to implement dual-class share structure effective July 17

Published 16/07/2025, 17:14
Fitell Corp to implement dual-class share structure effective July 17
FTEL
-2.11%

Fitell Corp (NASDAQ:FTEL) will implement a dual-class share structure effective Thursday, according to a statement released in a recent SEC filing. The company amended its memorandum and articles of association to change its authorized share capital from 500,000,000 ordinary shares of $0.0001 par value each, to a new structure consisting of 493,560,000 Class A ordinary shares and 6,440,000 Class B ordinary shares, each with a par value of $0.0001.

The change was approved by shareholders at an Extraordinary General Meeting held on April 9, 2025, and the amended documents were filed with the Cayman Islands General Registry on April 22, 2025. The dual-class structure will become effective on July 17, 2025.

This information is based on a statement from the company’s recent SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.