An investigation on behalf of investors in F45 Training Holdings Inc. (NYSE:FXLV) shares over potential wrongdoing at F45 Training Holdings Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/18/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at F45 Training Holdings Inc..
Investors who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain F45 Training Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
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. 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.
Those who purchased shares of F45 Training Holdings Inc. (NYSE: FXLV) have certain options and should contact the Shareholders Foundation.
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