Interactive Strength receives letter from Nasdaq, complies with listing rule

Interactive Strength announced that it has received written notification from the Nasdaq Stock Market that, based on the Company’s Form 8-K, dated February 16, 2024, Nasdaq has determined that the Company complies with Nasdaq Listing Rule 5550(b)(1). Trent Ward, Co-Founder and CEO of TRNR, said: “We are pleased to have successfully executed the acquisition of CLMBR and the debt conversion, which are two key elements in our strategy to achieve financial stability and profitability in the future. CLMBR is expected to generate material growth in revenue and gross profit for the Company in 2024, and the conversion of debt to equity strengthens our balance sheet. We are appreciative of the efforts of the Nasdaq Staff as we developed a compliance plan and received confirmation of compliance after the completed actions. We believe we have laid the foundation for growth and profitability, and we look forward to executing our strategic plan.”