NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against F45 Training Holdings, Inc. FXLVAvaya Holdings Corp. AVYAPROG Holdings, Inc. PRGand UiPath, Inc. AWAY. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.
F45 Training Holdings, Inc. FXLV
On or about July 15, 2021, F45 Training completed its initial public offering (“IPO”), selling 18.75 million shares at a price of $16.00 per share.
Then, on July 26, 2022, F45 issued a press release titled “F45 Training Announces Strategic Update”. In the press release, F45 Training provided an updated 2022 revenue guidance in the range of $120-130 million, well below the previous guidance of $255-275 million, citing ongoing macroeconomic uncertainty. The press release also announced the departure of the company’s chief executive officer, Adam J. Gilchrist, and announced that the company was “reducing its global workforce by approximately 110 employees.”
As a result of this news, F45 Training’s stock price fell $2.16 per share, or 61.54%, to close at $1.35 per share on July 27, 2022.
For more information on the F45 investigation, visit: https://bespc.com/cases/FXLV
Avaya Holdings Corp. AVYA
On 08/09/2022 the Wall Street Journal published an article disclosing information to investors. The article said that Avaya cut its earnings guidance by more than 60% just weeks after raising $600 million from institutional investors through deals arranged by Goldman Sachs and JP Morgan Chase. The article also noted that the company did not provide an explanation for the loss of earnings and the audit committee launched an internal investigation following the most recent quarter and a whistleblower letter.
As a result of this news, Avaya stock has…
