Fund 1 Investments, LLC Form SCHEDULE 13D/A — Sep 30, 2026
Fund 1 Investments, LLC filed Amendment No. 1 to its Schedule 13D on Xponential Fitness, disclosing beneficial ownership of 4,160,610 Class A shares — approximately 9.9% of shares outstanding — purchased for an aggregate of roughly $25.8 million. The amendment discloses a September 28, 2026 letter agreement in which Xponential's Board waived DGCL 203 restrictions, allowing the PLP Parties to acquire additional shares or join a group up to 19.9% ownership, subject to standstill-style voting and proxy provisions enforceable by independent directors.
Key figures
- Shares Owned
- 4160610
- Percent Owned
- 9.9
- Put option expiry
- October 16, 2026
- Put option strike
- $5.00
- Shares outstanding
- 42219000
- Swap notional shares
- 2821118
- Agreement termination
- fifth anniversary of September 28, 2026
- Ownership cap percent
- 19.9%
- Swap notional percent
- 6.7%
- August 21 2026 purchase
- 15,000 shares at $5.1944
- Aggregate purchase price usd
- 25803895
- Put options reference shares
- 2500000
AI analysis
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