F45 Training Holdings, Inc. (FXLV) Investor Notice: Robbins LLP Reminds Investors of Pending Lead Plaintiff Deadline in Class Action Against F45 Training Holdings, Inc.

The Class: Robbins LLP reminds shareholders that a shareholder filed a group action on behalf all persons and entities who purchased or otherwise acquired F45 Training Holdings, Inc. shares (NYSE: FXLV), pursuant to the Company’s July 16, 2021 initial public offer ("IPO") The complaint claims violations of the Securities Act of 1933. F45 is a franchisor of fitness centers. Its business model is one that focuses on rapid growth by franchising low-overhead facilities. What now: Shareholders in similar circumstances may be eligible for participation in the class action against F45. Shareholders who wish to be the lead plaintiff in the class action must file their papers no later than February 6, 2023. A lead plaintiff is an individual who represents other class members and acts as a mediator in the direction of litigation. To be eligible for a recovery, you don't have to take part in the case. All representation is provided on a contingency basis. F45 issued 18.75 million shares for $16.00 each share on July 16, 2021 according to the complaint. F45's Registration statement supporting its IPO argued that it had an advantage over traditional owner-operated gyms because the franchise model enables them to open new studios faster than the owner-operator model. It also generated quick revenue because '[f]or most franchises we sell, we get an upfront payment from franchisees. The Company stated in its Prospectus that it would focus on the growth of multiunit franchisees rather than single-unit ones. It also noted that it was looking for opportunities to develop multiunit franchise systems with financial partners. We expect that the number of multiunit franchisees will increase over time. As the Company later acknowledged, F45 allowed for modified payment terms for large multiunit deals. This led to material increases in accounts receivables and lower cash flow for F45. F45 Training issued a press statement titled "F45 Training Announces Strategy Update" on July 26, 2022. It described strategic updates that would help the Company better align itself with current macroeconomic conditions and business trends, and prepare the Company for the next phase in studio and membership growth. The press release stated that the Company's "strategic updates" informed the market of: (1) a significant decrease in its financial guidance from $255 to $275million to a new range between $120 and $130 million; (2) a drastic cut in the number new exercise studios it would open by 2022-down approximately 60% (or 350-450 new studios versus 1,000); (3) that a $250m credit line 'will no longer be available; (4) that approximately 110 employees were being let go, which equals to approximately 45%; (5) that Adam Gilchrist had resigned as CEO on July 24, 2022. EMAIL Information for Shareholders