Fitell (FTEL) Secures $50M Convertible Note to Launch ‘2F Robotics,’ Will Hold Proceeds in Stablecoins — Nov. 6, 2025
Fitell Corporation (NASDAQ: FTEL) announced a new $50 million senior secured convertible note and the creation of 2F Robotics, a joint venture focused on AI‑driven robotic systems spanning home, kitchen, fitness, and industrial uses. Net proceeds are slated to be converted into stablecoin assets and kept with a U.S. custodian, giving the company flexibility as it funds the robotics platform and its core fitness operations. GlobeNewswire Key takeaways What happened today (Nov. 6, 2025) Fitell released its announcement at 8:50 a.m. ET, outlining the financing and the 2F Robotics initiative. The company emphasized that converting proceeds to stablecoin assets provides