FORME (TRNR) Announces 1:40 Reverse Share Split

Interactive Strength Inc. (Nasdaq: TRNR) today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-40. The reverse stock split will become effective on June 14, 2024, and the Companys common stock will begin trading on a post-split basis at the market open on June 14, 2024, under the Companys existing trading symbol "TRNR", with the new CUSIP number, 45840Y203. The reverse stock split is part of the Companys plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.

The final ratio was approved by the Companys board of directors, pending stockholder approval of the reverse stock split range, on May 30, 2024. The reverse stock split range was approved by the Companys stockholders at the Companys Annual Meeting of Stockholders held on May 31, 2024, to be effected in the discretion of the Companys board of directors.

The reverse stock split reduces the number of shares of the Companys outstanding common stock from approximately 26.6 million shares to approximately 664,526 shares. As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of the Companys common stock underlying the Companys outstanding equity awards and warrants and the number of shares issuable under the Companys equity incentive plans and other existing agreements, as well as the exercise or conversion price, as applicable. There will be no change to the number of authorized shares or the par value per share of the Companys common stock.

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