Fitell Corporation, a NASDAQ-listed company, has successfully raised $50 million through a convertible bond issuance. The company intends to convert the net proceeds into stablecoin assets. This strategic move aims to enhance its balance sheet and provide financial support to 2F Robotics, a firm specializing in AI-driven robotics and automation systems development.
Fitell Corporation Secures $50M, Plans Stablecoin Conversion
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
