Press release
Investigation announced for Investors in Xponential Fitness, Inc. (NYSE: XPOF) over potential Wrongdoing
An investigation on behalf of investors in Xponential Fitness, Inc. (NYSE: XPOF) shares over potential wrongdoing.
Investors who purchased shares of Xponential Fitness, Inc. (NYSE: XPOF) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Xponential Fitness, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Irvine, CA based Xponential Fitness, Inc., through its subsidiaries, operates as a boutique fitness franchisor in North America. Xponential Fitness, Inc. reported that its annual Total Revenue rose from $155.07 million in 20221 to $244.95 million in 2022, and that its Net Loss of $18.82 million turned into a Net Income of $21.21 million in 2022.
On June 27, 2023, Fuzzy Panda Research released a short report regarding Xponential's operations. The report states,
• "CEO's Secret Past Includes a Bangkok Boiler Room Pump & Dump; Misleading & 'Cheating' Partners"
• "Interviews and Disclosure Documents Reveal That Many Franchisees Are Failing & Kickbacks Are Increasing"
Shares of Xponential Fitness, Inc. (NYSE: XPOF) declined from $33.58 per share on May 01, 2023, to as low as $14.51 per share on June 27, 2023.
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.
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