As the Company announced in April, its Board of Directors initiated a review to explore alternatives to maximize shareholder value, led by Xponential’s independent directors and supported by Jefferies as financial advisor. The Board remains actively engaged in a review of strategic alternatives designed to maximize long-term shareholder value, including strategic, financial, and operational alternatives. The process may include a sale of the company, a merger, or another strategic or financial transaction. The Company does not intend to comment further until the process has concluded.

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