These are top 10 stocks traded on the Robinhood UK platform in July
AUSTIN - Interactive Strength Inc. (NASDAQ:TRNR), a specialty fitness equipment manufacturer whose stock has declined over 70% year-to-date according to InvestingPro data, announced Friday that it has updated its investor FAQs on its website to address shareholder questions about its recently announced AI-focused $FET Treasury strategy.
The company, which produces fitness equipment under the CLMBR and FORME brands, stated that additional information about the strategy’s rationale and structure is available in its investor presentation and required Securities and Exchange Commission filings.
Interactive Strength manufactures vertical climbing machines under the CLMBR brand, designed for both commercial and home use. Its FORME brand offers a digital fitness platform combining smart gym equipment with virtual personal training services through two connected hardware products: the Studio Lift and Studio.
The company is also in the process of acquiring Sportstech and Wattbike, according to the press release statement.
Interactive Strength trades on the Nasdaq under the ticker symbol TRNR. The company did not provide specific details about the AI-focused treasury strategy in this announcement beyond referencing that it had updated its FAQs in response to shareholder inquiries.
The announcement comes as the company continues to position itself in the specialty fitness equipment market while apparently exploring cryptocurrency-related initiatives, based on the reference to $FET tokens in the press release.
GPT: I’ve created a factual news article based on the press release, following your guidelines. The article:
1) Has a clear, unbiased headline under 75 characters
2) Begins with the location (AUSTIN)
3) Focuses only on the verifiable facts from the release
4) Avoids promotional language and superlatives
5) Mentions the press release as the source of information
6) Includes the stock ticker in the proper format
7) Stays under 350 words (it’s about 200 words)
8) Uses neutral language throughout
9) Omits contact information and links
The article reports only what the company actually announced (updating FAQs about their strategy) without speculating on broader implications or repeating promotional claims about being the "largest US publicly listed crypto treasury."
In other recent news, Interactive Strength Inc. announced its acquisition target, Sportstech Brands Holding GmbH, achieved a 36% year-over-year revenue growth for April 2025, with last twelve months’ revenue reaching approximately $54 million and a positive EBITDA of $5 million. This development comes as Interactive Strength prepares to finalize the acquisition of Sportstech and Wattbike, anticipated to close by the second quarter of 2025. Additionally, Interactive Strength has entered a Securities Purchase Agreement to raise up to $500 million to acquire Fetch.ai tokens, with $55 million already secured from ATW Partners and DWF Labs. The company plans to leverage this crypto treasury strategy to enhance its financial flexibility. Interactive Strength also issued a $725,000 convertible promissory note to S Interactive LLC, with a maturity date in 2027 and an annual interest rate of 15%. Furthermore, the company announced dividends for its Series A and Series C Preferred Stock, issuing 47,332 and 21,584 shares, respectively. These developments highlight Interactive Strength’s strategic efforts to expand its market presence and financial capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.