NEW
YORK, Jan. 11, 2023 /PRNewswire/ -- The
Gross Law Firm issues the following notice to shareholders of
F45 Training Holdings Inc..
Shareholders who purchased shares of FXLV during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/f45-training-holdings-inc-class-action-submission-form/?id=35451&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons
and entities that purchased or otherwise acquired the common stock
of F45 pursuant and/or traceable to documents issued in connection
with the Company's July 16, 2021
initial public offering.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: 1) F45 Training could
not maintain new franchise growth because it was offering more
favorable payment terms to multi-unit franchisees; 2) F45
Training's lackluster pace of growth was also accompanied by a
massive and unsustainable increase in F45 Training's accounts
receivable and a similar, and equally unsustainable, decrease in
its cash and cash equivalents; and 3) these practices were not
sustainable at the time of the initial public offering, and when
F45 Training could no longer sustain this defective business model,
its growth rate and revenue plummeted.
DEADLINE: February 6, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/f45-training-holdings-inc-class-action-submission-form/?id=35451&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of FXLV during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 6, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm