NEWINGTON, N.H., Sept. 22, 2016 /PRNewswire/ -- Planet
Fitness, Inc. (NYSE: PLNT) ("Planet Fitness" or the "Company")
today announced that certain of its existing stockholders (the
"Selling Stockholders") intend to offer for sale 8 million shares
of its Class A common stock pursuant to a registration statement on
Form S-3 filed with the Securities and Exchange Commission.
The Selling Stockholders will receive all of the net proceeds
from this offering. No shares are being sold by the
Company.
J.P. Morgan will act as underwriter for the offering.
A registration statement on Form S-3 (including a prospectus)
relating to the offering of the Company's Class A common stock was
filed with the Securities and Exchange Commission ("SEC") on
September 1, 2016 and became
effective on September 9, 2016.
Before you invest, you should read the prospectus in that
registration statement and the documents incorporated by reference
in that registration statement, as well as the prospectus
supplement related to this offering. You may obtain these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, when available, copies of the
prospectus supplement and accompanying prospectus related to the
offering may be obtained by contacting J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions 1155 Long Island Avenue
Edgewater, NY 11717 or by calling (866) 803-9204.
The offering of these securities will be made only by means of a
prospectus supplement and the accompanying prospectus. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or other jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. Any offer to buy the securities
may be withdrawn or revoked, without obligation or commitment of
any kind, at any time prior to notice of its acceptance given after
the effective date.
About Planet Fitness
Founded in 1992 in Dover, N.H.,
Planet Fitness is one of the largest and fastest-growing
franchisors and operators of fitness centers in the United States by number of members and
locations. As of June 30, 2016,
Planet Fitness had more than 8.6 million members and more than
1,200 stores in 47 states, the District
of Columbia, Puerto Rico,
Canada and the Dominican Republic. The Company's mission is
to enhance people's lives by providing a high-quality fitness
experience in a welcoming, non-intimidating environment, which we
call the Judgement Free Zone®. More than 90% of Planet Fitness
stores are owned and operated by independent business men and
women.
Forward-Looking Statements
This news release contains certain statements, expectations,
beliefs and projections with respect to future events or future
results ("forward-looking statements"). Forward-looking
statements are neither historical facts nor assurances of future
events or future results. Instead, they are based only on the
Company's current beliefs, expectations and assumptions regarding
the future of the business, future plans and strategies,
projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of the Company's control. Actual results may
differ materially from those indicated in the forward-looking
statements. Important factors that could cause actual results to
differ materially from those indicated in the forward-looking
statements include, among others, risks and uncertainties
associated with the consummation of the proposed offering by the
Selling Stockholders and general economic conditions and the other
factors described, or incorporated by reference, in the prospectus
supplement or accompanying prospectus. Neither the Company nor any
of its affiliates or representatives undertake any obligation to
provide additional information or to correct or update any
information set forth in this release, whether as a result of new
information, future developments or otherwise.
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SOURCE Planet Fitness