Interactive Strength Inc. (Nasdaq: TRNR) Announces 1-for-10 Reverse Stock Split to Regain Nasdaq Compliance

Key Highlights for Investors

• Reverse Stock Split: Interactive Strength Inc. (“TRNR” or the “Company”) will implement a 1-for-10 reverse stock split of its outstanding common shares, effective February 24, 2026. The Company’s common stock will begin trading on a post-split basis at market open on February 24, 2026, under the existing trading symbol “TRNR” and with the new CUSIP number 45840Y500.
• Purpose: This action is primarily aimed at regaining compliance with Nasdaq’s minimum bid price requirement of \$1.00 per share, which is essential for maintaining the Company’s continued listing on the Nasdaq Capital Market. Additional benefits may also accrue from the split.
• Shareholder Approval: The reverse split was approved by TRNR stockholders at the Annual Meeting held on September 26, 2025. The final split ratio was subsequently approved by the board of directors on February 6, 2026.
• Reduction in Shares: The split will reduce the number of outstanding common shares from approximately 14.3 million to roughly 1.4 million. Proportionate adjustments will also be made to equity awards, warrants, and shares available under incentive plans, along with relevant exercise/conversion prices.
• No Change to Authorized Shares or Par Value: The total authorized shares and the par value per share remain unchanged.
• Handling of Fractional Shares: No fractional shares will be issued. Shareholders entitled to fractional shares will receive a cash payment for those fractions.

Important Information for Shareholders

• Book-Entry Holders: Registered shareholders holding shares electronically (book-entry) need take no action; shares will be automatically adjusted.
• Shares Held in Brokerage Accounts: Holders of shares in brokerage accounts or in “street name” will also have their positions automatically adjusted by their brokers, with no required action.
• Certificate Holders: Shareholders with physical certificates will see their holdings automatically adjusted.
• Exchange Agent: Equiniti Trust Company, LLC, will act as the exchange agent for this process.

About Interactive Strength Inc. (TRNR)

Interactive Strength Inc. is a leader in premium fitness solutions, operating the Wattbike, CLMBR, and FORME brands. The company delivers advanced hardware integrated with smart technology and immersive content, catering to both commercial venues and home users.

• Wattbike: High-performance indoor bikes recognized for accuracy, realistic ride feel, and advanced performance tracking. Trusted by elite athletes, national teams, and fitness enthusiasts globally.
• CLMBR: Innovative vertical climbers featuring patented open-frame design and immersive touchscreens, delivering high-intensity, low-impact workouts.
• FORME: Offers strength, mobility, and recovery training with immersive content, performance-grade hardware, and expert coaching. Includes smart fitness mirrors and resistance cable training equipment for advanced performance environments.

The company’s ecosystem is designed to deliver data-driven training outcomes for a wide range of users, from elite athletes to everyday fitness enthusiasts and commercial operators.

Potential Share Price Impact and Investor Considerations

• Share Price Sensitivity: The reverse stock split is a material event and could significantly affect the Company’s share price. The primary goal is to bring the share price above Nasdaq’s \$1.00 minimum bid requirement, which may be viewed positively by investors seeking continued Nasdaq listing and improved market perception.
• Liquidity & Market Perception: While the reverse split does not affect the Company’s overall valuation or shareholder ownership percentage, it reduces the number of outstanding shares, which can sometimes reduce liquidity in the stock. However, compliance with Nasdaq requirements is generally viewed as a positive for long-term investors.
• No Change to Fundamentals: The company’s business operations, authorized share capital, and par value per share remain unchanged.
• Cash-in-lieu for Fractions: Shareholders who would otherwise receive fractional shares will get cash instead, which could lead to minor adjustments in individual holdings.
• Ongoing Risks: The company reminds investors that forward-looking statements are subject to risks and uncertainties, including market demand, competition, supply chain dependencies, and other factors disclosed in filings with the SEC.

Contact Information

Investor Relations: [email protected]

Disclaimer

This article is provided for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with a qualified financial advisor before making any investment decision. The information is based on current publicly available documents and may be subject to change without notice.

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