Xponential Fitness Completes $104 Million Follow-On Offering

Consumer

Xponential Fitness follow-on offering


Summary

Xponential Fitness, Inc. (“Xponential Fitness” or the “Company”) (NYSE: XPOF) recently completed a follow-on offering of 5,175,000 shares of the Company’s Class A common stock by certain of the Company’s existing stockholders, including 675,000 shares sold pursuant to the underwriters’ overallotment option, at a price of $20.00 per share. The offering generated gross proceeds of $103.5 million. The Company did not receive any proceeds from the shares sold by the selling stockholders.

Baird served as a passive bookrunner on this offering

About

Xponential Fitness is the largest global franchisor of boutique fitness brands. Through its mission to make boutique fitness accessible to everyone, the Company operates a diversified platform of ten brands spanning across verticals including Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. In partnership with its franchisees, Xponential Fitness offers energetic, accessible, and personalized workout experiences led by highly qualified instructors in studio locations across 48 U.S. states and Canada, and through master franchise or international expansion agreements in 10 additional countries. Xponential Fitness is headquartered in Irvine, California.
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Consumer

Xponential Fitness follow-on offering

Date
April 2022
Company
Xponential Fitness, Inc.
Transaction
M&A
Sectors
Consumer
Verticals
Fitness & Sporting Good
Performance & Lifestyle Apparel and Footwear
Target Location
North America

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