Interactive Strength had converted $3.0 million of the Company’s $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024. Trent Ward, Co-Founder and CEO of TRNR, said: “We continue to make progress towards financial stability with the reduction of liabilities and the extension of maturity of our senior loan. We expect to be approaching profitability as early as the fourth quarter of this year based on the performance of the CLMBR business that we acquired in February. As part of that transaction, we assumed some of the liabilities of CLMBR, including this senior loan, and we expect that the Company will be able to re-finance the loan as it matures.”
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