Deal Details
Xponential Fitness Completes $122.5 Million Follow-On Offering
Summary
Xponential Fitness, Inc. (“Xponential Fitness” or the “Company”) (NYSE: XPOF) recently completed a follow-on offering of 5,000,000 shares of the Company’s Class A common stock by certain of the Company’s existing stockholders at a public offering price of $24.50 per share. The underwriters have a 30-day option to purchase up to an additional 750,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The offering generated gross proceeds of $122.5 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 14 additional countries. Xponential Fitness is headquartered in Irvine, California.CONTACT US TO LEARN MORE
- Date
- February 2023
- Company
- Xponential Fitness, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Verticals
-
Active Lifestyles, Fitness & Mobility
- Target Geography
- North America
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