Interactive Strength Inc. (Nasdaq:TRNR) Signs Exclusive Letter of Intent to Acquire Scaled and Profitable, Connected-Fitness Equipment Business
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Interactive Strength Inc. (Nasdaq:TRNR) has signed an exclusive non-binding letter of intent to acquire a connected-fitness equipment business with over $40 million in revenue and positive EBITDA. The acquisition, expected to close in Q1 2025, will be TRNR's second in 12 months, enhancing its product range and market presence.

December 12, 2024 | 12:15 pm
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Interactive Strength Inc. (Nasdaq:TRNR) is set to acquire a connected-fitness equipment business, enhancing its product range and market presence. The acquisition is expected to be accretive to TRNR's financial results.
The acquisition aligns with TRNR's strategy to grow through accretive acquisitions. The target company's $40 million revenue and positive EBITDA suggest a strong financial impact, likely boosting TRNR's market position and financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100