Interactive Strength Inc. (NASDAQ:TRNR) announced on December 12, 2024, that it has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The target business boasts more than $40 million in revenue and positive EBITDA.
The proposed acquisition is structured as a 100% equity consideration transaction and is expected to close as early as the first quarter of 2025. TRNR anticipates the deal will be accretive to its financial results.
This potential acquisition aligns with TRNR's strategy of leveraging its public listing to make accretive acquisitions of profitable and high-growth businesses in the fragmented global health and wellness market, expanding its product portfolio and customer footprint.
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