NEW YORK, NY / ACCESSWIRE / September 20, 2022 / Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, continues to investigate F45 Training Holdings Inc. ("F45" or the "Company") (NYSE:FXLV) and certain of its officers and directors for potential violations of federal securities laws.
F45, a fitness franchisor offering functional 45-minute workouts, commenced its initial public offering ("IPO") on or about July 15, 2021, issuing 18,750,000 shares of common stock to the investing public at $16 per share. Since then, the Company's stock has traded as low as $.78 per share, representing a decline of over 95% from the $16 offering price.
On or about July 26, 2022, F45 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.
On this news, F45's stock fell $2.16, or 61.5%, to close at $1.35 per share on July 27, 2022, thereby injuring investors
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If you purchased F45 shares pursuant or traceable to the IPO, or otherwise acquired F45 shares, and have suffered a loss, realized or unrealized, please contact attorney Jonathan Zimmerman at (888) 398-9312 or at [email protected].
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
SOURCE: Scott+Scott Attorneys at Law LLP