An investigation for investors in Xponential Fitness, Inc. (NYSE:XPOF) shares over potential securities laws violations by Xponential Fitness, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2023 -- Xponential Fitness, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Xponential Fitness, Inc. (NYSE: XPOF), 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 focuses on whether a series of statements by Xponential Fitness, Inc. 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. 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.
Shareholders Foundation, Inc.
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About The Shareholders Foundation
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