Austin, February 4, 2026
F45 Training Holdings Inc., based in Austin and backed by Mark Wahlberg, has reached a settlement in a shareholder lawsuit alleging misleading growth projections before its IPO. Filed in December 2022, the lawsuit accused the company of overstating its financial health. Details of the settlement remain undisclosed, but preliminary approval is anticipated by February 2026. Founded in 2013 in Sydney, F45 has nearly 900 U.S. locations, but faced challenges post-IPO, including stock price declines and legal disputes.
Austin, Texas – F45 Training Settles Shareholder Lawsuit
Austin-based fitness company F45 Training Holdings Inc., which counts actor Mark Wahlberg among its board members, has agreed to settle a proposed class-action lawsuit alleging it misled investors about its growth prospects ahead of its 2021 initial public offering (IPO). The settlement is expected to receive preliminary approval by February 13, 2026.
Details of the Lawsuit
The lawsuit, filed in December 2022, accused F45 of overstating its growth potential in documents filed with the U.S. Securities and Exchange Commission. Shareholder Kenzie Goer alleged that the company misrepresented its business model and financial health, leading to significant financial losses for investors.
Company’s Response and Settlement
F45 Training, along with Wahlberg and other directors, has agreed to settle the claims. The parties have indicated their intention to seek preliminary approval of the settlement by February 13, 2026. Specific terms of the settlement have not been publicly disclosed.
Background on F45 Training
Founded in 2013 in Sydney, Australia, F45 Training specializes in 45-minute high-intensity interval training workouts. The company expanded rapidly, boasting nearly 900 locations across the United States, including ten in Austin, seven in San Antonio, and 20 in the Houston area.
In July 2021, F45 went public, raising over $325 million through the sale of 18 million shares, valuing the company at more than $1 billion at that time. However, the company’s stock price declined sharply, leading to its delisting from the New York Stock Exchange within two years of the IPO.
Legal Challenges Faced by F45
In addition to the shareholder lawsuit, F45 has faced other legal challenges. Notably, in May 2023, David Beckham’s company, DB Ventures, filed a lawsuit against F45, alleging breach of contract and seeking $14.3 million in damages. The lawsuit was settled out of court in June 2024, with Beckham remaining a shareholder in the company.
Conclusion
The settlement of the shareholder lawsuit marks a significant development for F45 Training as it continues to navigate legal and financial challenges. The company has not publicly commented on the terms of the settlement or its future plans.
Frequently Asked Questions (FAQ)
What is F45 Training?
F45 Training is an Austin-based fitness company specializing in 45-minute high-intensity interval training workouts. Founded in 2013 in Sydney, Australia, it has expanded to nearly 900 locations across the United States.
Who is Mark Wahlberg in relation to F45 Training?
Mark Wahlberg is an investor and board member of F45 Training. He acquired a 36% stake in the company through his investment group in 2019 and was named F45’s chief brand officer in 2023.
What was the nature of the lawsuit against F45 Training?
The lawsuit alleged that F45 Training misled investors about its growth prospects ahead of its 2021 IPO. Shareholder Kenzie Goer claimed the company overstated its business model and financial health, leading to significant financial losses for investors.
What is the status of the lawsuit?
F45 Training, along with Mark Wahlberg and other directors, has agreed to settle the lawsuit. The parties intend to seek preliminary approval of the settlement by February 13, 2026. Specific terms of the settlement have not been publicly disclosed.
Has F45 Training faced other legal challenges?
Yes, in May 2023, David Beckham’s company, DB Ventures, filed a lawsuit against F45, alleging breach of contract and seeking $14.3 million in damages. The lawsuit was settled out of court in June 2024, with Beckham remaining a shareholder in the company.
Key Features of the Article
| Feature | Details |
|---|---|
| Company Name | F45 Training Holdings Inc. |
| Location | Austin, Texas |
| Key Individual | Mark Wahlberg |
| Lawsuit Filed | December 2022 |
| Settlement Approval Date | February 13, 2026 (preliminary approval) |
| IPO Date | July 2021 |
| Number of Locations in the U.S. | Nearly 900 |
| David Beckham’s Lawsuit | Filed in May 2023, settled in June 2024 |
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