Interactive Strength publishes CEO letter on acquisition and reverse split

Interactive Strength Inc. (NASDAQ: TRNR) published a letter from its CEO addressing the company's recent acquisition, a reverse stock split, and Sportstech loan enforcement matters, according to a company statement.

The Austin-based fitness equipment manufacturer operates under three brands: Wattbike, CLMBR, and FORME. The CEO letter discusses what the company described as a "required-but-not-desired reverse split" and outlines the company's path forward.

Interactive Strength makes specialty fitness equipment for both commercial and home use. Wattbike produces indoor cycling equipment, CLMBR manufactures vertical climbing machines with touchscreen interfaces, and FORME creates wall-mounted strength training systems including smart mirrors and cable resistance equipment.

The company encouraged investors to review the CEO letter, which is available on its investor relations website. The statement provided no additional details about the timing or terms of the recent acquisition, the reverse split ratio, or specifics regarding the Sportstech loan enforcement.

Interactive Strength trades on the NASDAQ under the ticker symbol TRNR.

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