Fitell Corporation, a leading Australian online retailer of gym and fitness equipment, revealed its plans for a significant share consolidation. The consolidation, set to take place on September 23, 2025, will see a merger of ordinary shares at a ratio of 1-for-16. Following this action, the post-consolidation par value of the shares will amount to $0.0016. The company's class A ordinary shares are slated to begin trading under the new terms starting from the market session opening on the same day. Investors can find the stock listed on The Nasdaq Capital Market under the symbol "FTEL", with a revised CUSIP number of G35150138.