Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion

Benzinga12-12

Interactive Strength Inc. (NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness ...

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(NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness ...</p>\n\n<a href=\"https://finance.yahoo.com/news/interactive-strength-set-acquire-fitness-141153912.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInteractive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 22:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/interactive-strength-set-acquire-fitness-141153912.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Interactive Strength Inc. (NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness ...</p>\n\n<a href=\"https://finance.yahoo.com/news/interactive-strength-set-acquire-fitness-141153912.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TRNR","symbol_name":"Interactive Strength","start_time":0,"source_url":"https://finance.yahoo.com/news/interactive-strength-set-acquire-fitness-141153912.html","article_id":"2490382462","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/.fcT.sgcIWwLrjAxKOzkqQ--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/03bd19ca9c8516984a9e863381451f9e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490382462","pubTimestamp":1734012713,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Interactive Strength Inc.  shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company.The target company has over $40 million in revenue and positive EBITDA, in a 100% equity consideration transaction.This acquisition supports its strategy of leveraging its public listing to acquire profitable, high-growth businesses in the fragmented global health & wellness market.The target company’s complementary products and customer base will expand TRNR’s equipment and brand offerings.Founder-led and profitable, with over $40 million in annual revenue, the potential buyout will significantly boost Interactive Strength’s top and bottom lines.No cash will be paid to the target’s shareholders, who will exchange their equity for long-term stakes in the combined entity.The acquisition is projected to close without the need for additional financing and enhance TRNR’s global product offerings","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TRNR":"Interactive Strength","EQR":"资产住宅公司"},"translate_title":"Interactive Strength将通过股权置换收购健身器材公司，着眼于收入和市场扩张","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"TRNR":1},"content_text":"Interactive Strength Inc. (NASDAQ:TRNR) shares are surging premarket on Thursday after the company inked a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company.\nThe target company has over $40 million in revenue and positive EBITDA, in a 100% equity consideration transaction.\nThis acquisition supports its strategy of leveraging its public listing to acquire profitable, high-growth businesses in the fragmented global health & wellness market.\nThe target company’s complementary products and customer base will expand TRNR’s equipment and brand offerings.\nFounder-led and profitable, with over $40 million in annual revenue, the potential buyout will significantly boost Interactive Strength’s top and bottom lines.\nNo cash will be paid to the target’s shareholders, who will exchange their equity for long-term stakes in the combined entity.\nThe acquisition is projected to close without the need for additional financing and enhance TRNR’s global product offerings.\nThe transaction is expected to close in the first quarter of 2025 and be accretive to TRNR’s financial results.\nLast week, the company announced it regained Nasdaq compliance status regarding listing standards.\nPrice Action: TRNR shares are up 7.31% at $3.23 premarket at the last check Thursday.\nRead Next:\n\nTAT Technologies Secures $17 Million MRO Deal With Major Cargo Carrier: Details\n\nPhoto via Shutterstock.\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Interactive Strength Set To Acquire Fitness Equipment Company In Equity Swap, Eyeing Revenue And Market Expansion originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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