NEW YORK, NY / ACCESSWIRE / September 20, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of F45 Training Holdings Inc. ("F45" or the "Company") (NYSE:FXLV). Investors who purchased F45 securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/fxlv.
The investigation concerns whether F45has violated federal securities laws.
On July 26, 2022, F45 announced a "strategic update" and stated that it "initiated a comprehensive review of its strategic and financial priorities in order to best position the Company to succeed and grow sustainably over the long term. As a result of this review, the Company is realigning its corporate operations around an updated growth outlook that prioritizes profitability and cash flow generation. This includes reducing operational expenses and strategically streamlining corporate functions, including reducing global workforce by approximately 110 employees." The Company also said that "President, CEO, and Chairman of the Board of Directors Adam J. Gilchrist has stepped down" Following this news, F45 stock dropped over 61.5% on July 27, 2022.
If you are aware of any facts relating to this investigation or purchased F45shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/fxlv. You can also contact Peretz Bronstein or his Law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC