Overview

A class action lawsuit has been filed against Fitness Champs Holdings Ltd. (“Fitness Champs” or the “Company”) (NASDAQ : FCHL) and certain of the Company’s senior executive officers, the underwriter for Fitness Champ’s initial public offering (“IPO”), and the Company’s auditor (collectively, “Defendants”), alleging violations of the federal securities laws. The Fitness Champs lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Fitness Champs securities between September 3, 2025 and September 23, 2025, inclusive (the “Class Period”). Investors have until June 16, 2026, to seek appointment as lead plaintiff of the Fitness Champs class action lawsuit.

Fitness Champs claims to be a Singapore-based sports education company offering swimming and aquatic programs. Fitness Champs conducted its IPO on September 4, 2025. Shortly after the IPO, the Company’s stock price experienced extreme and unexplained volatility, rising rapidly despite no corresponding fundamental developments.

The complaint alleges that Fitness Champs was used as a vehicle for a fraudulent “pump-and-dump” scheme. According to the allegations, unknown promoters posing as financial advisors used social media, messaging platforms, and online forums to disseminate false and misleading statements about the Company, artificially inflating demand for its shares. These promotions allegedly included fabricated claims about the Company’s market dominance, institutional backing, and growth prospects, which were designed to lure investors into purchasing the stock.

The complaint further alleges that Defendants failed to disclose material risks and red flags to investors, including that: (i) the Company’s stock was subject to manipulation through coordinated promotional activity; (ii) its low public float made it particularly vulnerable to price manipulation; and (iii) its underwriter had a history of similar volatile microcap IPOs associated with alleged manipulation schemes.

The truth was revealed on September 23, 2025, when Company’s stock price collapsed by more than 80% in a single trading day amid massive sell orders and repeated trading halts. The stock fell from approximately $6.95 per share to close near $1.10 per share.

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If you purchased or otherwise acquired Fitness Champs securities September 3, 2025 and September 23, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Fitness Champs class action lawsuit is June 16, 2026.