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LOS ANGELES, Jan. 16, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises F45 Training Holdings Inc. (“F45” or “the Company”) FXLV Investors who have filed a lawsuit on behalf of investors who purchased securities pursuant to and/or attributable to the Company’s initial public offering on July 16, 2021 (the “IPO”).

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

According to the complaint, the company made false and misleading statements to the market. F45 promised a “predictable, asset-light model that drives rapid growth” ahead of its IPO in July 2021. A year later, in a July 26, 2022 press release, the company announced that it had slashed its financial guidance, planned to open about 60% fewer fitness facilities, laid off employees, and resigned CEO Adam Gilchrist. Based on these facts, the Company’s public statements throughout the Class Period were false and substantially misleading. When the market learned the truth about F45, investors suffered.

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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.

Lesley F. Portnoy, Esq.
Bar Association in CA and NY
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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