Fitell Corporation Secures $50M Convertible Note to Launch 2F Robotics Joint Venture Focused on AI-Driven Robotic Technologies
Financing proceeds will be held in stablecoins to enhance capital flexibility as Fitell builds next-generation robotics solutions across consumer and industrial markets.
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Fitell Corporation announced that it has entered into a securities purchase agreement with a U.S. based institutional investor to issue a $50 million convertible note. The financing will support the launch of 2F Robotics, a joint venture focused on developing and commercializing AI-driven robotic technologies across consumer and industrial applications.
Key Highlights
- Stablecoin Financing:
- The net proceeds from the $50 million financing will be converted to stablecoin assets and held with a U.S. custodian.
- Stablecoin assets may be allocated toward 2F Robotics, the Company’s corporate treasury, or the Company’s fitness operations, subject to market conditions.
- 2F Robotics:
- 2F Robotics will be established as a joint venture for the development of AI-driven robotics and automation systems across home, kitchen, fitness, and industrial applications.
- Product development will be in partnership with GZ Fukonn Vanguard Intelligent Technology, an Asia-based robotics company with patented hardware and control systems, dedicated R&D capabilities, and commercial deployments across Canada and the Middle East.
- Fitell will retain majority ownership and full intellectual property rights, and intends to leverage existing distribution infrastructure to market across Australia and the U.S.
- Corporate Treasury Update:
- Following the financing, Fitell’s corporate treasury will be diversified across cash, stablecoins, Solana (SOL) and PUMP.
- The Company will actively manage its balance sheet and may reallocate among its treasury reserves and strategic initiatives, subject to market conditions.
Sam Lu, Chief Executive Officer of Fitell, commented:
“This financing enhances our capital flexibility and broadens our balance sheet through a diversified corporate treasury. By holding proceeds in stablecoins, we can maintain capital stability while allocating towards growth initiatives such as 2F Robotics over time. Additionally, our digital asset framework provides flexibility to adjust allocations in response to market conditions, allowing us to pursue innovation in a measured manner as we expand into next-generation robotics.”
Rodman & Renshaw is acting as exclusive placement agent for the transaction.
The $50 million convertible note will be sold and issued upon the satisfaction or waiver of certain closing conditions.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s Report of Foreign Private Issuer on Form 6-K dated November 6, 2025.
