{"id":57224,"date":"2025-11-07T08:46:31","date_gmt":"2025-11-07T08:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57224"},"modified":"2025-11-07T08:46:31","modified_gmt":"2025-11-07T08:46:31","slug":"what-drove-fitells-7-rebound-after-hours","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57224","title":{"rendered":"What Drove Fitell&#8217;s 7% Rebound After Hours?"},"content":{"rendered":"<div>\n<p><strong>Fitell Corp.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/FTEL\">FTEL<\/a>) shares jumped 7.28% in after-hours trading on Thursday, reaching $1.62.<\/p>\n<p><em>Check out the current price of <a href=\"https:\/\/www.benzinga.com\/quote\/FTEL\">FTEL stock here<\/a>.<\/em><\/p>\n<p>FTEL shares closed the regular session down 31.99% at $1.51, according to <a href=\"http:\/\/pro.benzinga.com\/dashboard\">Benzinga Pro<\/a> data.<\/p>\n<h2 class=\"wp-block-heading\">$50 Million Convertible Note Deal<\/h2>\n<p>On Thursday, the Australia-based fitness equipment retailer announced a $50 million securities purchase agreement with a U.S. institutional investor for convertible note financing.<\/p>\n<p>Rodman &amp; Renshaw is serving as the exclusive placement agent.<\/p>\n<h2 class=\"wp-block-heading\">Stablecoin Treasury Strategy<\/h2>\n<p>According to the company, the net proceeds of the $50 million financing will be converted into stablecoin assets that are kept with a U.S. custodian.<\/p>\n<p>Stablecoin assets may be allocated &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/equities\/25\/11\/48712643\/what-drove-fitells-7-rebound-after-hours?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"What\" drove fitell rebound after hours>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fitell Corp. (NASDAQ:FTEL) shares jumped 7.28% in after-hours trading on Thursday, reaching $1.62. Check out the current price of FTEL stock here. FTEL shares closed the regular session down 31.99% at $1.51, according to Benzinga Pro data. $50 Million Convertible Note Deal On Thursday, the Australia-based fitness equipment retailer announced a $50 million securities purchase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57224","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57224"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57224\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}