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 agreement with a U.S. institutional investor for convertible note financing.
Rodman & Renshaw is serving as the exclusive placement agent.
Stablecoin Treasury Strategy
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.
Stablecoin assets may be allocated …Full story available on Benzinga.com
Forget Bitcoin, The Uber-Wealthy Are Now Rapidly Buying XRP: CEO
...
Read moreDetails
