Interactive Strength (TRNR) Announces 1:10 Reverse Share Split

Interactive Strength Inc. (Nasdaq: TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-10. The reverse stock split will become effective on June 27, 2025, and the Company's common stock will begin trading on a post-split basis at the market open on June 27, 2025, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y401. The reverse stock split is part of the Company's plan to maintain 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 reverse stock split range was approved by the Company's stockholders at the Company's Special Meeting of Stockholders held on March 11, 2025, at the discretion of the Company's Board of Directors. The final ratio was approved by the Company's Board on May 6, 2025.

The reverse stock split is expected to reduce the number of shares of the Company's outstanding common stock to approximately 1.4 million shares from approximately 13.9 million shares. As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of the Company's common stock underlying the Company's outstanding preferred stock, equity awards and warrants and the number of shares issuable under the Company's equity incentive plans and other existing agreements, as well as the conversion or exercise price, as applicable. There will be no change to the number of authorized shares or the par value per share of the Company's common stock.

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