on Interactive Strength Inc. (NASDAQ:TRNR)
Interactive Strength Raises $3.6M from Institutional Investor
Interactive Strength Inc. (Nasdaq:TRNR) announced a $3.6M investment from an existing institutional investor. The investment is made through the purchase of senior secured convertible notes, with a 30% premium conversion price to the previous closing, and common warrants. This follows an earlier $2.9M investment, indicating strong investor confidence in the company's growth and acquisition plans.
The funds support Interactive Strength's M&A strategy, including the Sportstech deal and a recently disclosed exclusivity agreement. The transactions are anticipated to boost 2025 revenue projections beyond $50M. The company aims to finalize these deals by the second quarter following extensive due diligence.
R. H.
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