FORME (TRNR) to Acquire CLMBR

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Go back to FORME (TRNR) to Acquire CLMBR

Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR) to Acquire CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform

October 11, 2023 9:03 AM EDT

The combined business is anticipated to generate more than $20 million in revenue in 2024 and be cashflow positive and adjusted EBITDA profitable potentially as early as the fourth quarter of 2024The combined business is expected to be driven primarily by B2B revenue supported by the acquired sales and distribution partnership with WOODWAYCLMBR shareholders to receive TRNR common equity with lock up until October 2024The transaction is expected to close in the fourth quarter of 2023

AUSTIN, TX, Oct. 11, 2023 (GLOBE NEWSWIRE) -- via... More