Interactive Strength, Inc. d/b/a FORME To Acquire CLMBR, Creating A High-Growth, B2B Focused, Connected Fitness Platform; Enterprise Value Of Deal (Not Including Earn-out Potential) Is $16.9M
Portfolio Pulse from Benzinga Newsdesk
Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR) has announced a definitive agreement to acquire CLMBR, Inc., a maker of connected vertical climbers. The deal, valued at $16.9M, is expected to close in Q4 2023. The combined business is projected to generate over $20M in revenue in 2024, potentially becoming cashflow positive and adjusted EBITDA profitable by Q4 2024. The business will be primarily driven by B2B revenue, supported by the acquired sales and distribution partnership with WOODWAY. CLMBR shareholders will receive TRNR common equity with a lock-up until October 2024.
October 11, 2023 | 1:06 pm
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FORME's acquisition of CLMBR could potentially boost its revenues and profitability by 2024, which may positively impact its stock price.
The acquisition of CLMBR by FORME is expected to generate significant revenue and potentially make the company cashflow positive and adjusted EBITDA profitable by 2024. This could lead to a positive impact on FORME's stock price.
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