Deadline in Lawsuit for Investors with losses in shares of Xponential Fitness, Inc. (NYSE: XPOF) on April 9, 2024 coming up

A deadline is coming up on April 9, 2024 in the lawsuit filed for certain investors of Xponential Fitness, Inc. (NYSE: XPOF) over alleged securities laws violations by Xponential Fitness, Inc.

Investors who purchased shares of Xponential Fitness, Inc. (NYSE: XPOF) have certain options and there are strict and short deadlines running. Deadline: April 9, 2024. Xponential Fitness, Inc. (NYSE: XPOF) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of Xponential Fitness, Inc. (NYSE: XPOF) common shares between July 26, 2021 and December 7, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 26, 2021 and December 7, 2023, the defendants made false and/or misleading statements and/or failed to disclose that Xponential Fitness, Inc. had permanently closed at least 30 stores, that Xponential's reported same-store sales ("SSS") and average unit volume ("AUV") metrics had been misstated by excluding underperforming stores, that 8 out of 10 Xponential Fitness, Inc. brands were losing money monthly, that over 50% of Xponential Fitness, Inc. studios did not make a positive financial return; (v) over 60% of Xponential's revenue was one-time and non-recurring, that more than 100 of Xponential's franchises were for sale at a price that is at least 75% less than their initial cost, that Xponential Fitness, Inc. had misled many of its franchisees into opening franchises by misrepresenting the financial profile and profitability of its studios, as well as the expected rate of return for new studio openings, and that many Xponential Fitness, Inc. franchisees were substantially in debt, suffering high attrition rates and running non-viable studios that had no realistic path to profitability

Those who purchased shares of Xponential Fitness, Inc. (NYSE: XPOF) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.