Xponential Fitness, Inc. announced the commencement of an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain of the c existing stockholders, affiliates of Snapdragon Capital Partners.
The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of the company’s Class A common stock to be sold by the Selling Stockholders. The company will not receive any proceeds from the sale of the shares offered by the selling stockholders.
BofA Securities and Jefferies are acting as joint lead bookrunners for the proposed Offering.
Xponential Fitness operates fitness boutiques covering Pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training, and yoga. Banners include Club Pilates, CycleBar, Row House, AKT, YogaSix, Pure Barre, Stride, and Rumble.
