Xponential Fitness Shares Slip On Secondary Equity Offering By Existing Shareholders

April 4, 2022 4:25 PM | 1 min read | Make a Comment

Xponential Fitness Inc XPOF commenced an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain existing stockholders, affiliates of Snapdragon Capital Partners.
Underwriters granted a 30-days option to purchase up to an additional 675,000 shares.
Xponential will not receive any proceeds from the sale of the shares offered by the Selling Stockholders.
BofA Securities and Jefferies to act as joint lead bookrunners, the proposed Offering to be made only by means of a prospectus.
Price Action: XPOF shares are trading lower by 6.10% at $22.15 during the afterhours session on Monday.

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