S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Investing.com -- Xponential Fitness , Inc. (NYSE:XPOF) stock surged 30% on Monday after the company announced that the Securities and Exchange Commission (SEC) has concluded its investigation without taking any action against the fitness franchise operator.
The fitness franchisor disclosed in an SEC filing that the regulatory body had informed the company on July 1 that it had completed its investigation with no enforcement actions. The investigation, which began in December 2023 when the SEC requested certain documents from the company, had been ongoing for approximately 18 months.
During this period, Xponential Fitness stated that it "fully cooperated with the SEC’s investigation" before receiving notification of the investigation’s conclusion. The resolution removes a significant regulatory uncertainty that had been hanging over the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.