Interactive Strength announces 1-for-10 reverse stock split effective Feb 24

Interactive Strength Inc. (NASDAQ: TRNR) announced a 1-for-10 reverse stock split of its common stock that will become effective February 24, 2026. The company's shares will begin trading on a post-split basis at market open on February 24 under the existing symbol "TRNR" with a new CUSIP number 45840Y500.

The reverse stock split reduces the number of outstanding common shares from approximately 14.3 million to approximately 1.4 million shares. The company stated the action is part of its plan to regain compliance with Nasdaq Capital Market's minimum bid price requirement of $1.00 per share.

Stockholders approved the reverse stock split at the company's annual meeting held September 26, 2025. The board of directors approved the final 1-for-10 ratio on February 6, 2026.

Under the reverse split, every ten pre-split shares will become one share of common stock. Proportionate adjustments will be made to outstanding equity awards, warrants, and shares issuable under equity incentive plans, as well as exercise or conversion prices. The number of authorized shares and par value per share will remain unchanged.

Equiniti Trust Company, LLC will serve as the exchange agent for the reverse stock split. Stockholders holding shares electronically or through brokers will have their positions automatically adjusted. No fractional shares will be issued, with stockholders receiving cash for any fractional holdings.

Interactive Strength operates fitness equipment brands including Wattbike, CLMBR and FORME, offering hardware and technology solutions for commercial and home use.

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