Xponential Fitness Selling Shareholders Price Equity Offering At 3% Discount

Xponential Fitness Inc XPOF has priced the public offering of 4.5 million shares by the company's existing stockholders at $20.00 per share.
The offer price represents a 3% discount on the company's closing price on April 6.
The selling stockholders are affiliates of Snapdragon Capital Partners.
In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 0.67 million shares.
The company will not receive any proceeds from the sale of the shares.
The offering is expected to close on April 11, 2022.
Price Action: XPOF shares closed lower by 1.95% at $20.61 on Wednesday.

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