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Interactive Strength , Inc. (TRNR), a Delaware-incorporated company specializing in electronic and electrical equipment manufacturing, announced the issuance of new preferred shares as a dividend in kind. Currently trading at $0.78 per share, the company has seen its stock price decline by over 71% year-to-date, according to InvestingPro data. On Monday, the company’s board of directors declared a dividend on its Series A and Series C Preferred Stock, resulting in the distribution of additional shares to current stockholders.
The Austin, Texas-based company, traded under the ticker (NASDAQ:TRNR), issued 81,464 Series A Preferred Stock shares and 46,727 Series C Preferred Stock shares on April 17, 2025. These transactions were carried out as dividends in kind, meaning that existing shareholders received additional shares as a dividend rather than cash. The company’s financial health score is rated as "WEAK" by InvestingPro, with concerning metrics including a negative gross profit margin of -51.64% and current ratio of 0.31.
Following this issuance, there are now 4,752,535 Series A Preferred Stock shares and 1,511,687 Series C Preferred Stock shares outstanding. Interactive Strength stated that the issuance of these dividend shares was exempt from registration under the Securities Act of 1933, in accordance with Section 4(a)(2), which typically applies to transactions by an issuer not involving any public offering.
The company’s Chief Financial Officer, Michael J. Madigan, confirmed the report’s details, which are based on the company’s latest 8-K filing with the Securities and Exchange Commission. Interactive Strength, Inc. has not provided any further details on the rationale behind the dividend or its implications for the company’s financial strategy.
Investors and market watchers will likely monitor how this distribution affects the company’s stock performance on the Nasdaq Stock Market. The issuance of additional shares can sometimes lead to dilution of existing shares, but it can also reflect a company’s confidence in its financial stability and future prospects. According to InvestingPro analysis, the stock is currently trading below its Fair Value, with 14 additional real-time insights available to subscribers, including detailed valuation metrics and growth forecasts.
In other recent news, Interactive Strength Inc. has announced a significant order of 480 Wattbikes from U.S. distributor Woodway, projected to generate over $1 million in revenue. This development follows Interactive Strength’s acquisition of Wattbike, highlighting the company’s efforts to expand Wattbike’s presence in the U.S. market. Additionally, Interactive Strength has raised its 2025 revenue forecast to over $65 million, reflecting a 30% increase, as detailed in a recent investor presentation. The acquisition of Wattbike is part of Interactive Strength’s strategy to enhance its global presence, with the transaction expected to close in the second quarter of 2025. In another financial maneuver, Interactive Strength has settled a debt with Vertical Investors, LLC by issuing Series C Preferred Stock, a move aimed at optimizing its capital structure. The company has also reiterated its guidance for over $50 million in pro forma revenue, with a new deal anticipated to add more than $15 million. These strategic actions underscore Interactive Strength’s commitment to growth through acquisitions and financial management.
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