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Why F45 Training Holdings (FXLV) Stock Is Down 75%

Author: Henry Khederian | August 15, 2023 10:49am

F45 Training Holdings Inc (NASDAQ:FXLV) shares are trading lower by 76% to $0.18 Tuesday morning after the company announced it intends to voluntarily delist and deregister its securities.

As previously disclosed, F45 received a NYSE non-compliance notice due to delayed filings and a sub-$1.00 average stock price over 30 days.

Opting for cost-efficiency and acknowledging limited benefits of public status, the company chose to go private. Per F45, this move eliminates expenses, allows focus on core operations and growth and removes short-term market distractions.

According to data from Benzinga Pro, FXLV has a 52-week high of $3.73 and a 52-week low of $0.17.

Posted In: FXLV

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