Interactive Strength announced that the Company received a letter stating that the Nasdaq Hearings Panel has granted the Company’s request for continued listing on the Nasdaq Stock Market. As of March 31, 2024, the Company was not in compliance with Listing Rule 5550(b)(1) which specifies a minimum stockholders’ equity of $2.5 million. The Company received a delisting letter from Nasdaq on May 22, 2024, that outlined various options. The Company appealed the delisting and participated in a hearing on this matter on July 16, 2024. As a result of this hearing, the Panel has determined to grant the Company an exception until November 14, 2024 to demonstrate compliance with the Equity Rule.
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