SAN FRANCISCO, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges F45 Training Holdings, Inc. (NYSE: FXLV) investors who suffered significant losses to submit your losses now. F45 Training Holdings, Inc. (NYSE: FXLV) Securities Class Action: In connection with F45's IPO the company touted its business model as a "Predictable, Asset Light Model Driving Rapid Growth" and claimed that "[f]or the majority of franchises that we sell, we receive an upfront payment from the franchisee." In addition, as recently as May 16, 2022, F45 assured investors that it had secured a $250 million line of credit that it could extend to franchisees to secure its target of 1,000 new studio openings in 2022. According to the complaint, Defendants made false and misleading statements or failed to disclose in the IPO offering documents material adverse facts about F45's business, operations, and prospects.