An investigation on behalf of investors in Xponential Fitness, Inc. (NYSE:XPOF) shares over potential wrongdoing at Xponential Fitness, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/19/2023 -- Certain directors of Xponential Fitness, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Xponential Fitness, Inc. (NYSE: XPOF) have certain options and should contact the Shareholders Foundation at email@example.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.
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