Fitell Co.’s Quiet Period Will End on September 18th (NASDAQ:FTEL)

Fitell’s (NASDAQ:FTEL – Get Free Report) quiet period is set to end on Monday, September 18th. Fitell had issued 3,000,000 shares in its IPO on August 8th. The total size of the offering was $15,000,000 based on an initial share price of $5.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Fitell Stock Down 0.8 %

Shares of FTEL stock opened at $2.60 on Monday. Fitell has a 12 month low of $2.02 and a 12 month high of $5.26.

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Fitell Company Profile

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Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia. The company sells fitness equipment, such as home gym and commercial strength-training equipment; and cardio equipment, including rowing machines, exercise bikes, and treadmills under the Muscle Motion, Rapid Motion, and FleetX brand names.

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