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- Boutique fitness brands franchisor Xponential Fitness (NYSE:XPOF) commenced an underwritten public offering of 5M shares.
- The offering will be made by certain of the company's existing stockholders, affiliates of Snapdragon Capital Partners and Anthony Geisler.
- The underwriters can also be granted a 30-day option to purchase up to an additional 750K shares by certain selling shareholders.
- XPOF said it will not receive any proceeds from the offering.
- Source: Press Release