Tue, Nov 26, 9:23 PM (83 days ago)
Xponential Fitness, Inc. (XPOF) filed an Amendment No. 1 to its Form 10-K for the fiscal year ending December 31, 2022, primarily to revise certifications related to internal control over financial reporting as per Section 302 of the Sarbanes-Oxley Act. The amendment does not include any changes to financial statements or other disclosures from the original filing on March 6, 2023. The aggregate market value of Xponential's Class A Common Stock held by non-affiliates was approximately $389 million as of June 30, 2024, with 32,287 shares outstanding. The amendment highlights the importance of accurate internal controls, reflecting ongoing compliance efforts. No new financial performance metrics, revenue figures, or risk factors were introduced in this amendment. The company's strategic position remains unchanged, and the future outlook continues to be contingent on maintaining strong governance and operational efficiency. Portfolio managers and finance professionals should consider this amendment as a technical correction rather than a substantive update on financial performance or market position.