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Interactive Strength Inc. (Nasdaq:TRNR) Signs Letter of Intent and Exclusivity Agreement to Acquire $15M+ Revenue Connected-Fitness Equipment Business

1. TRNR plans to acquire a company with over $15M in revenue. 2. The deal aims to enhance TRNR's profitability through operational synergies.

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FAQ

Why Bullish?

The acquisition aligns with TRNR's growth strategy and past success in similar deals.

How important is it?

The acquisition could significantly enhance TRNR's revenue and market position.

Why Short Term?

Expected closure by March 2025 will likely provide immediate positive market reaction.

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FITBNKEPEP
Target earned more than $15M in revenue in 2024 and TRNR expects to improve target's profitability materially through potential operating synergies All-stock consideration with long lock-up - expected to close soon, reflecting months of discussions and due diligence - would be TRNR's second transaction in 2025 already Deal adds further momentum to TRNR growth strategy of making accretive acquisitions of high-potential businesses in the highly fragmented, global health & wellness market AUSTIN, TX / ACCESS Newswire / March 6, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that the Company has signed a non-binding letter of intent and exclusivity agreement to acquire a $15M+ in revenue connected-fitness equipment company. The proposed transaction is expected to close as early as the end of March 2025 - reflecting months of discussions - and is expected to be accretive to TRNR's financial results.

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