Xponential also told Raymond James that it had 100 applicants for the CEO role and interviewed eight. Another positive sign was the public appearance of both Morris along with Chief Financial Officer John Meloun and little in the way of management defections after Geisler left, Altobello said. "In the month since, several data points have arisen that give us confidence that the company should be able to navigate through this," Altobello wrote. Geisler began Xponential in 2017, building it to 3,156 studios at about nine fitness brands, such as Rumble, AKT and Club Pilates. Earlier this year, it finished the acquisition of Irvine-based Lindora and 31 of its weight management clinics, bringing its portfolio to 10. The company also completed two divestitures this year for two of its brands—Row House and Stride. Geisler took the company public in 2021, pricing each share at $12 and raising $120 million; last year, the stock soared as high as $33 each and a market cap that topped $1 billion.