Xponential Fitness, Inc. (NYSE: XPOF) ("Xponential" or the "Company"), one of the leading global franchisors of boutique health and wellness brands, has finalized a previously disclosed settlement with the Federal Trade Commission ("FTC") to fully resolve the agency's allegations relating to the Company's past franchising disclosure practices. As part of the settlement, Xponential will pay the FTC $17.0 million for franchisee redress over a 12-month period. The settlement contains no admission of wrongdoing by Xponential and has been submitted to the court for approval. Today's announcement closes a historical chapter for the Company and allows it to focus on future growth and continued support for its franchisees under new management.
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