Interactive Strength Inc. Secures $2.9 Million Investment

Interactive Strength Inc. (Nasdaq: TRNR), based in Austin, Texas, has secured $2.9 million in working capital through a new investment from an institutional investor. This funding involves a senior secured convertible note, priced at a premium to the market, and various warrants, maturing in January 2028.

The investor has shown strong interest in TRNR's merger and acquisition strategy. Notably, the company has a letter of intent to acquire a $40 million connected fitness and exercise equipment business. The additional capital will aid in this transaction and open doors to other opportunities.

Details of the agreement are available in the form 8-K filed with the SEC, and further information can be accessed via the company's investor website.