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

On May 13, 2026, Voss Capital, LP filed an amendment to its Schedule 13D regarding its investment in Xponential Fitness, Inc. (XPOF). The filing reports that Voss Capital, along with its affiliates Voss Value Master Fund, Voss Value-Oriented Special Situations Fund, and managing member Travis W. Cocke, beneficially owns an aggregate of 6,788,653 shares of Class A common stock. This represents approximately 16.2% of the company's outstanding shares, based on 41,877,000 shares outstanding as of April 30, 2026. Notably, the reporting persons indicated that there have been no transactions in the issuer's securities since the previous filing. The decrease in the reported beneficial ownership percentage is solely attributed to an increase in the issuer's total number of outstanding shares, rather than a sale of stock by the Voss entities. Voss Capital continues to hold significant influence through its managed accounts and various fund structures, with Travis W. Cocke maintaining dispositive power over the reported shares.