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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
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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.

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