Press release
Investors who lost money with shares of Xponential Fitness, Inc. (NYSE: XPOF) should contact the Shareholders Foundation
An investigation for investors in Xponential Fitness, Inc. (NYSE: XPOF) shares over potential securities laws violations.
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 focuses on whether a series of statements by Xponential Fitness, Inc. (NYSE: XPOF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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"
Then on December 11, 2023, Xponential Fitness, Inc. disclosed that it "was contacted by the Securities and Exchange Commission, requesting that the Company provide it with certain documents."
Shares of Xponential Fitness, Inc. (NYSE: XPOF) declined from $33.58 per share on May 01, 2023, to as low as $8.30 per share on December 12, 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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