Interactive Strength (TRNR) Regains Nasdaq Compliance

Interactive Strength Inc. (NASDAQ: TRNR) today announced that the Company received a letter confirming demonstrated compliance with Listing Rule 5550(b)(1) of The Nasdaq Stock Market, which successfully concludes the Hearings Panel appeal process that began in May.

Trent Ward, Co-Founder and CEO of TRNR, said: "We are excited to receive the confirmation that the Company demonstrated compliance with the Equity Rule and are very appreciative that the Hearings Panel agreed in August with our potential to regain compliance with the Equity Rule. We reported a Stockholder's Equity of $5.8 million for the third quarter, well in excess of the $2.5 million minimum level, and are confident that the Company will maintain sufficient levels in the future."

"We are very focused on delivering against our growth strategy and hope to be able to share some positive developments before the end of the year," Mr. Ward continued. "Achieving compliance with the Equity Rule of the Nasdaq Continued Listing standards was a critical achievement, and with this risk mitigated, we can fully concentrate on creating shareholder value."

You May Also Be Interested In

• Royal Caribbean prices $1.25B in senior unsecured notes due 2034
• Destination XL names board chairman as interim CEO
• Tectonic Therapeutic (TECX) Tops Q2 EPS by 17c