NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against F45 Training Holdings, Inc. (NYSE: FXLV), PROG Holdings, Inc (NYSE: PRG) and Polished .com, Inc. (NYSE American: POL). 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. (NYSE: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

PROG Holdings, Inc. (NYSE:PRG)

On August 25, 2022, the Pennsylvania Attorney General filed a lawsuit against PROG’s Progressive Leasing unit for alleged violations of the Rent-to-Purchase Agreement (“RPAA”), a law that requires companies to clearly disclose fees for hire-to-own financing. According to the lawsuit, agents from the attorney general’s office visited several stores across the state that use progressive leasing to offer hire-purchase agreements to their customers. “The investigation revealed…