The Company is a network of luxury boutique fitness studios, located in affluent neighborhoods in major cities across the US, offering a diverse range of fitness classes including Interval, Cycle, Yoga, and Pilates. The Company's premium studio locations are outfitted with top-notch technology and amenities to provide upscale services to members seeking to reach and maintain their fitness goals.

Key Aspects
· High levels of class attendance driven by health-focused consumers
invested in personal fitness
· Nimble fitness class focus enables the Company to easily adapt its existing
studio spaces to track popular fitness trends
· Strategically located studios in a diverse set of affluent neighborhoods in
major US cities with fitness focused consumers
· Five-star amenities including modern locker rooms equipped with
Malin+Goetz hygiene products & Dyson hairdryers, best-in-class fitness
equipment, yoga mats, and cycling shoes drives consumer loyalty
· Membership revenue model and partnerships with third-party booking sites
such as ClassPass and Gympass provide predictable recurring revenue streams
· Financials as of 3/25
REF-BN000060840