Lawsuit filed for Investors in shares of F45 Training Holdings Inc. (NYSE: FXLV)

An investor, who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV), filed a lawsuit over alleged violations of Federal Securities Laws by F45 Training Holdings Inc. in connection with certain allegedly false and misleading statements made in connection with the company's July 16, 2021 initial public offering ("IPO").

Investors who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV) have certain options and for certain investors are short and strict deadlines running. Deadline: February 6, 2023. NYSE: FXLV investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Austin, TX based F45 Training Holdings Inc. operates as a fitness franchisor. The company offers consumers functional 45-minute workouts that combine elements of high-intensity interval, circuit, and functional training. F45 Training Holdings Inc. reported that its annual Total Revenue rose from $82.31 million in 2020 to $134.02 million in 2021, and that its Net Loss increased from $25.28 million in 2020 to $182.71 million in 2021.

On or around July 15, 2021, F45 Training Holdings Inc., commenced its initial public offering ("IPO"), issuing 18,750,000 shares of common stock to the investing public at $16 per share.

On or about July 26, 2022, F45 Training Holdings Inc. announced the departure of its Chief Executive Officer and Chairman of the Board, Adam J. Gilchirst, a reduction of its operational expenses, including of its global workforce, and a revised guidance for full-year 2022.

Shares of F45 Training Holdings Inc. (NYSE: FXLV) declined to as low as $0.786 per share on July 27, 2022.

The plaintiff claims that F45 Training Holdings' rapid growth strategy was unsustainable, reliant on franchisees opening multiple locations in a short period of time and/or dependent on franchisees who required near 100% financing of their operations in order to open for business, a model that was, at the time of the July 2021 IPO, unsustainable.

Those who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV) 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.