- Xponential Fitness Inc XPOF has priced the public offering of 4.5 million shares by the company's existing stockholders at $20.00 per share.
- The offer price represents a 3% discount on the company's closing price on April 6.
- The selling stockholders are affiliates of Snapdragon Capital Partners.
- In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 0.67 million shares.
- The company will not receive any proceeds from the sale of the shares.
- The offering is expected to close on April 11, 2022.
- Price Action: XPOF shares closed lower by 1.95% at $20.61 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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