F45 Training Holdings Seeks Voluntary Delisting from NYSE

by webmaster

F45 Training Holdings, a leading fitness franchisor, has announced its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and deregister the securities. As a result, F45 shares have plummeted by a staggering 77% to just 16 cents.

This drastic decline adds to the stock’s year-long struggles, with a staggering 94% drop in value thus far. This plunge marks an all-time low for F45 and represents the largest percentage decrease recorded in its history.

Earlier, F45 had received a notice from the NYSE for non-compliance with listing requirements. Since then, the company’s stock has continuously traded below $1, prompting a thorough evaluation of the best way forward.

According to F45, voluntary delisting appears to be the most viable option due to anticipated cost savings and the current inability to fully capitalize on the benefits associated with being a public company. By going dark, the company aims to allocate more time and resources towards managing its businesses and enhancing shareholder value.

It remains to be seen how this strategic decision will impact F45’s future trajectory and whether it can regain investor confidence despite this setback.

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