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Interactive Strength Inc. (NASDAQ:TRNR) announced the issuance of dividends for its Series A and Series C Preferred Stock. The company’s board of directors declared these dividends on June 2, 2025, and the shares were issued on June 3, 2025, according to a recent SEC filing. While the company issues preferred stock dividends, InvestingPro data shows TRNR does not pay regular dividends to common shareholders. The stock has shown recent momentum with a 15.7% gain over the past week.
The company distributed 47,332 shares of Series A Preferred Stock and 21,584 shares of Series C Preferred Stock as dividends. These shares were issued in kind, meaning that shareholders received additional shares rather than cash.
The issuance was conducted under the Certificate of Designations for both Series A and Series C Preferred Stock. The transaction was exempt from registration under the Securities Act of 1933, pursuant to Section 4(a)(2).
Following the issuance, Interactive Strength Inc. now has 4,799,867 shares of Series A Preferred Stock and 1,210,155 shares of Series C Preferred Stock outstanding. The company is based in Austin, Texas, and is classified under the electronic and other electrical equipment industry, excluding computer equipment.
This information is based on a recent SEC filing.
In other recent news, Interactive Strength Inc. announced that its acquisition target, Sportstech Brands Holding GmbH, reported a 36% year-over-year revenue growth for April 2025, with $54 million in revenue and $5 million in positive EBITDA over the last twelve months. The company also raised its 2025 revenue forecast by 30%, expecting to surpass $65 million, as detailed in its updated investor presentation. Interactive Strength is in the process of acquiring Sportstech and Wattbike, with the acquisition expected to close as early as the second quarter of 2025, pending regulatory approvals. Additionally, Interactive Strength issued new preferred shares as a dividend in kind, distributing 81,464 Series A and 46,727 Series C Preferred Stock shares. The company secured a significant order of 480 Wattbikes from U.S. distributor Woodway, projected to generate over $1 million in revenue. This order is seen as a strategic move to expand Wattbike’s presence in the U.S. market. Interactive Strength encourages investors to review detailed information about these developments on its investor website and through SEC filings.
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