PHILADELPHIA, Nov. 12, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is conducting an investigation into F45 Training Holdings Inc. (NYSE: FXLV) (“F45 Training”) on behalf of the Company’s investors.
In July 2021, F45 Training completed its initial public offering (“IPO”) of common stock, selling 18.75 million shares to investors at $16.00 per share. In the calendar year following the IPO, the company’s stock fell in value, trading below $5.00 per share.
On July 26, 2022, F45 Training announced a series of “strategic updates” including the “resignation” of the company’s Founder/CEO/Chairman and a reduction in fiscal 2022 revenue guidance from $255-$275 million to $120-$275 million $130 million. Additionally, the company said it expects “new franchises sold” to be between just 350 and 450 in 2022, compared to the previous guidance of 1,500. Following this news, shares of F45 Training fell $2.16 per share, or over 61%, on high trading volume to close at $1.35 per share on July 27, 2022.
F45 training sShareholders are encouraged to get in touch Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229-0750 or by email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/f45-training-holdings-inc/for more information about this investigation and your legal rights and choices.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
This notice may constitute attorney solicitation in certain jurisdictions.