F45 Training has warned that its net losses are likely higher than initially reported due to errors it made in previous financial filings.
F45 received the notice because the average closing price of its stock was less than $1.00 over a 30-day consecutive trading period.
F45 Training was expected to release its Q1 earnings around May 15, but won't be able to do so as it focuses on its 2022 full-year report.
Life Time is off to a strong start this year, with memberships up nearly 40,000 in the first quarter and revenue up 30% from Q1 of 2022.
F45 will have six months from March 31 to file the form needed to regain compliance with the NYSE listing standards.
Planet Fitness aims to double its membership numbers, but investors wonder whether the company can continue its post-COVID fitness momentum.
The NYSE letter says Beachbody is not in compliance because the average closing stock price was under $1.00 for 30 days as of November 22.
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