Interactive Strength, Inc. 8-K
Research Summary
AI-generated summary
Interactive Strength, Inc. Announces 1-for-7 Reverse Stock Split
What Happened
Interactive Strength, Inc. (TRNR) filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect a 1-for-7 reverse stock split of its common stock, effective 11:59 p.m. ET on June 29, 2026. The company began trading on a reverse-split-adjusted basis on The Nasdaq Capital Market on June 30, 2026; the trading symbol remains “TRNR.” A press release announcing the reverse split was issued on June 26, 2026.
Key Details
- Reverse split ratio: 1-for-7, effective June 29, 2026 at 11:59 p.m. ET.
- Shares outstanding reduced from 3,601,274 to approximately 514,400.
- No fractional shares were issued; holders entitled to fractional shares will receive cash in lieu of fractions.
- Common stock remains $0.0001 par value, fully paid and nonassessable; voting rights and percentage ownership were not changed by the split.
- New CUSIP for Common Stock after the reverse split: 45840Y609.
- Press release dated June 26, 2026 is attached as an exhibit to the 8‑K.
Why It Matters
A reverse stock split reduces the number of outstanding shares and results in a higher per‑share price on a split‑adjusted basis while leaving each stockholder’s percentage ownership and voting power unchanged. For investors, the immediate practical effects are: (1) holdings will show fewer shares at a higher per‑share basis, (2) any fractional share entitlements will be paid in cash, and (3) trading and recordkeeping will reflect the new CUSIP and split-adjusted share count beginning June 30, 2026.
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