XPEL, Inc.

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Company Name	XPEL, Inc.
Stock Symbol	XPEL

On October 19, 2023, Culper Research published a report alleging, among other things, that XPEL had “grossly understated its reliance on Tesla.” Culper Research estimated that Tesla represents 25-35% of XPEL’s revenue. Further, the report stated that the Company is “concealing a massive undisclosed risk from its primary supplier which threatens to upend [XPEL]’s entire reason for being."

On this news, XPEL’s stock price fell $10.57, or 17.3%, to close at $50.65 per share on October 19, 2023, thereby injuring investors.

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If you suffered a loss on your XPEL, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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