Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the Maturity
Interactive Strength Inc. (TRNR)
Company Research
Source: GlobeNewswire
Reduced the Liability of the Senior Loan by Converting $3.0 Million to Equity Extended the Maturity of the Remaining Balance to December 2024 AUSTIN, TX, April 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that it had converted $3.0 million of the Company’s $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024. Trent Ward, Co-Founder and CEO of TRNR, said: “We continue to make progress towards financial stability with the reduction of liabilities and the extension of maturity of our senior loan. We expect to be approaching profitability as early as the fourth quarter of this year based on the performance of the CLMBR business that we acquired in February. As part of that transaction, we assumed some of the liabilities of CLMBR, including this senior loan, and
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News
- Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the Maturity [Yahoo! Finance]Yahoo! Finance
- Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit CLMBR at FIBO Global Fitness, the World's Largest Trade Show for Fitness, Wellness and Health on April 11-14GlobeNewswire
- Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results [Yahoo! Finance]Yahoo! Finance
- Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 ResultsGlobeNewswire
- Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit Both CLMBR and FORME Lift at IHRSA in Los Angeles March 6-8 [Yahoo! Finance]Yahoo! Finance
TRNR
Sec Filings
- 5/10/24 - Form 424B3
- 5/10/24 - Form DEF
- 5/9/24 - Form EFFECT
- TRNR's page on the SEC website