Voss Capital Reports 16.2% Stake in Xponential Fitness, Inc. Following Share Dilution

Voss Capital, LP, along with its affiliates Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, and Travis W. Cocke, filed a Schedule 13D/A regarding their holdings in Xponential Fitness, Inc. (XPOF). As of the event date on May 8, 2026, the reporting persons collectively beneficially own 6,788,653 shares of Class A common stock, representing a 16.2% stake in the company. This ownership is based on 41,877,000 shares outstanding as of April 30, 2026. The filing notes that there have been no transactions in the securities by the reporting persons since the previous Schedule 13D filing. The slight decrease in the reported percentage of beneficial ownership (from previous levels) is attributed solely to an increase in the total number of the Issuer's outstanding shares rather than any sale of stock by the Voss entities. Travis W. Cocke maintains shared voting and dispositive power over the aggregate shares through his role as managing member of the involved entities.