TLDR:
- Fitell received an 180-day extension from Nasdaq to fulfill a minimum bid price control and pressed the deadline for March 2026.
- The extension followed a 1-for-16 share consolidation aimed at stabilizing Fitell’s share price at Nasdaq Capital Market.
- Fitell expanded its crypto course by acquiring 216.8 million pumps on Solana for $ 1.5 million.
- The company described the purchase as its first direct allocation to pump and diversifies holding over Soana ecosystem.
Fitell Corporation have took a double step to control its position. The company secured more time from Nasdaq to fulfill the listing rules and at the same time deepen its exposure to crypto.
An extension of 180 days now provides the company until March 2026 to determine its share price regulation. At the same time, Fitell confirmed a purchase of 216.8 million pumps worth $ 1.5 million.
The twin movements show how the company balances traditional financial obligations with a investment in digital assets.
Fitell receives 180-day Nasdaq compliance
On one press release On October 3, 2025, Fitell said that Nasdaq granted another 180-day period to regain compliance.
The requirement is about meeting the minimum bid price under the listing rule 5550 (A) (2). The company must now ensure shares over the threshold by March 30, 2026.
To prepare, Fitell conducted a 1-for-16-part consolidation from September 23, 2025. The move was described as a strategy to lift its share price And appeal to investors.
The adjustment also enabled Fitell to fulfill other Nasdaq terms, except for the price rule. The management said that the action would help maintain its list in the capital market.
Nasdaq extended the period after confirming that Fitell met other listing requirements. The company also submitted a written notice that describes its intention to resolve the bid price shortage.
Keeping their list remains the key to Fitell’s broader plans for both stock markets and digital assets.
CRYPTO BUY: 216.8 million pumps added
One day before the Nasdaq update, Fitell announced the completion of a pump acquisition.
According to the company’s October 2, 2025, statementIt bought 216.8 million tokens for $ 1.5 million. Tokens Power Pump.fun, a Solaana-based Launchpad platform. This marks Fitell’s first direct purchase of the asset.
CEO SAM LU said that the allocation was made to strengthen Fitell’s digital tax chamber. He explained that the company increased exposure to Solana projects while creating long-term growth opportunities for stakeholders.
The move expands Fitell’s digital reserves in addition to previous holdings.
The pump’s pump was assigned the company’s corporate funds. Fitell said it plans to provide additional updates when it expands its Cryptom strategy. By linking financial diversification of state taxes with compliance measures, the company seems to balance both financial and digital goals.
Fitell’s expansion to Solana’s ecosystem highlights its effort to diversify its treasury. The timing of the purchase, just before Nasdaq granted compliance extension, emphasizes the double track that the company takes.
One track focuses on stabilizing the share price, while the other expands its crypto footprint.
