Xponential Fitness shares rose in after-hours trading Wednesday after the global franchisor of boutique fitness brands announced the SEC had closed its investigation without taking any action, according to Benzinga. The company disclosed after the market closed on Wednesday that the SEC had ended its investigation, which began in late 2023, without taking any action. The SEC requested documents from Xponential Fitness in December 2023 as part of an investigation. The company stated that it had fully cooperated for 18 months and was informed on Tuesday that no action would be taken. Xponential Fitness shares rose 22.12% in after-hours trading Wednesday, reaching $9.11, according to Benzinga Pro.
