Where in the Aira Fitness FDD can I find the Statement of Shareholders' Equity?

According to the 2025 Aira Fitness Franchise Disclosure Document, the Statement of Shareholders' Equity can be found in Item 23, which covers Receipts. Specifically, there are two instances of the Aira Fitness Statement of Shareholders' Equity included in the provided excerpts. One statement covers the years ending December 31, 2024, December 31, 2023, and December 31, 2022. The other statement covers the years ending December 31, 2023, and December 31, 2022. Item 23 includes the financial statements for Aira Fitness.

The Statement of Shareholders' Equity is a key financial statement that shows the changes in the ownership interests in Aira Fitness over a period of time. It details how the equity of the company has evolved due to factors like net income, dividends, and stock issuances or repurchases. Reviewing this statement can give a prospective franchisee insight into the financial structure and stability of Aira Fitness.

As the Statement of Shareholders' Equity is included within Item 23, which focuses on receipts, it is important for potential franchisees to carefully review this entire section of the FDD. Item 23 may contain other important financial documents and information relevant to understanding the financial health and obligations of both the franchisor and franchisee.