Xponential Fitness (XPOF) Stock: Why The Price Increased Today

Apr 7th, 2022 9:16 EST
  • The stock price of Xponential Fitness, Inc. (NYSE: XPOF) increased by over 4.8% pre-market today. This is why.

The stock price of Xponential Fitness, Inc. (NYSE: XPOF) increased by over 4.8% pre-market today. Investors are responding positively to Xponential Fitness pricing an underwritten public offering of 4.5 million shares of Class A common stock by certain existing stockholders, affiliates of Snapdragon Capital Partners, at a public offering price of $20 per share.

The selling stockholders had granted underwriters a 30-day option to purchase up to an additional 675,000 shares. The offering is expected to close on Apr.11. And the company will not receive any proceeds from the offering.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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