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INTERACTIVE STRENGTH INC (TRNR) Stock News

NASDAQ:TRNR - Nasdaq - US45840Y3027 - Common Stock - Currency: USD

2.26  -0.07 (-3%)

After market: 2.17 -0.09 (-3.98%)

TRNR Latest News, Press Releases and Analysis

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2 months ago - Yahoo Finance

Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion

Interactive Strength Inc. (NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The target company has over $40 million in revenue and positive EBITDA, in a 100% equity consideration transaction. This acquisition supports its strategy of leveraging its public listing to acquire profitable, high-growth businesses in the fragmented global health & wellness market. The