Interactive Strength Inc. (NASDAQ:TRNR) announced on June 25, 2025, that it will conduct a 1-for-10 reverse stock split of its outstanding shares of common stock. The reverse stock split is scheduled to become effective on June 27, 2025, with post-split trading commencing on the same day.
This shareholder- and board-approved action will reduce the number of outstanding shares from 13.9 million to 1.4 million. The primary objective of this reverse split is to ensure the company's continued compliance with Nasdaq listing requirements.
Maintaining Nasdaq listing is critical for TRNR, as it impacts the company's visibility, liquidity, and ability to access capital markets. This corporate action addresses a key regulatory concern for the company.
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