Fitell Corporation completes $50 million financing, plans to convert the proceeds into stablecoins

Fitell Corporation, a Nasdaq-listed company, announced that it has raised $50,000,000 through the issuance of convertible bonds. The company will convert the net proceeds from the financing into stablecoin assets to broaden its balance sheet, while also using the stablecoins to support an AI-driven robotics and automation systems development company, 2F Robotics.