Berlin Regional Court dismisses conclusively all Sportstech claims across three attempted injunctions Court Orders Sportstech to Pay for the Cost of the Proceedings March 11 Auction of Sportstech Continues as Announced AUSTIN, TX / ACCESS Newswire / February 24, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced it has just received the decision of the Berlin Regional Court (Ref ...

BERLIN, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Sportstech Brands Holding GmbH refers to the shareholder letter dated February 20, 2026 from Interactive Strength Inc. (Nasdaq: TRNR) in connection with the announced reverse split. The assertion made therein that Sportstech is responsible for TRNR’s capital market performance does not reflect the facts. 1. No Responsibility for Share Price or Capital Measures Sportstech unequivocally and categorically rejects the allegations raised by TRNR. In Sportstech’s view, th ...

Company Addresses Ergatta Acquisition, 2026 Guidance, Sportstech Loan and Share Pledge Enforcement, Reverse Split AUSTIN, TEXAS / ACCESS Newswire / February 23, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced it had updated its FAQs and Investor Presentation, highlighting the increase of its 2026 pro forma revenue guidance of more than $30 million. The Company urges all share ...

Core Insights - The recent volatility and share price decline of Interactive Strength have been influenced by negative statements from competitor Sportstech [1] Group 1: Acquisition and Financial Impact - The acquisition of Ergatta is seen as a strategic move that could improve Interactive Strength's financial health, with expectations of over $30 million in pro forma revenue for 2026 [2] - This acquisition is intended to enhance product offerings and market reach, providing a stronger platform for growth and profitability [2] Group 2: Synergies and Profitability - The merger with Ergatta is expected to synergize with Interactive Strength's existing portfolio, particularly after the successful integration of Wattbike [3] - The combination of these brands is projected to accelerate the path to profitability, which is crucial for stabilizing financials and reassuring investors [3] Group 3: Market Challenges and Strategic Focus - Despite challenges from a reverse stock split, strategic acquisitions and efforts to counteract negative market forces are essential for the company [4] - The focus remains on growth through strategic mergers and compliance with market regulations to ensure long-term sustainability and shareholder value [4] Group 4: Share Price Performance - Interactive Strength shares experienced a significant decline of 44.32%, trading at $0.24 at the time of publication [5]

Core Viewpoint - Interactive Strength Inc. has addressed key developments including a recent acquisition, a reverse stock split, loan enforcement, and future strategies in a letter from the CEO [1] Acquisition - The company has made a recent acquisition aimed at enhancing its portfolio of specialty fitness equipment brands, which include Wattbike, CLMBR, and FORME [1] Reverse Split - A required but not desired reverse stock split has been announced, indicating potential challenges in the company's stock performance [1] Loan Enforcement - The company is facing enforcement related to a loan from Sportstech, which may impact its financial stability and operational strategies [1] Future Outlook - The CEO has shared insights on the company's strategic direction moving forward, emphasizing the importance of adapting to market conditions and leveraging recent acquisitions [1]

Core Viewpoint - Interactive Strength Inc. will conduct a reverse stock split at a ratio of 1-for-10, effective February 24, 2026 [1] Company Summary - The company is known for its innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands [1]

Core Viewpoint - Sportstech Brands Holding GmbH is currently engaged in legal disputes with Interactive Strength Inc. (TRNR), focusing on the enforcement of claims and the legality of a proposed public auction of Sportstech shares [1][2]. Legal Proceedings - Sportstech is pursuing multiple legal actions against TRNR following TRNR's announcement to explore "all legal options" to enforce its claims, including a public auction of Sportstech shares scheduled for March 11, 2026 [2][3]. - On January 8, 2026, Sportstech filed an action to oppose enforcement measures, aiming to prevent any public auction of its shares, and has requested interim legal protection from the Regional Court of Berlin [4]. - TRNR has clarified in court that a direct private sale of shares is not possible, which Sportstech interprets as a confirmation of its legal stance [5][6]. Legal Compliance and Position - Sportstech asserts that any enforcement or disposal of its shares must adhere to German legal standards, deeming any alternative methods as legally inadmissible [7]. - The inconsistency in TRNR's statements regarding the auction and repayment of claims raises concerns for Sportstech, which views the announced auction as contradictory to TRNR's previous claims [8]. - Sportstech plans to prevent the public auction, arguing that the publication in the German Federal Gazette lacks essential information and does not comply with legal requirements [9]. Company Confidence and Future Actions - Sportstech expresses confidence in its legal position and believes that both the public auction and any private sale attempts will fail legally [10]. - The CEO of Sportstech, Ali Ahmad, acknowledges the clarification from TRNR regarding the private sale and expresses regret that legal proceedings were necessary to establish this certainty [11]. - Currently, no lawsuit has been served on Sportstech, and the company remains open to an amicable settlement while prepared to resolve the matter through court proceedings if necessary [12]. Company Overview - Sportstech Brands Holding GmbH operates in the home fitness, wellness, and lifestyle products sector, holding a strong market position in Europe [13].

Core Viewpoint - The company has initiated legal proceedings to enforce a defaulted loan and personal guarantee, alongside announcing a public auction for shares in Sportstech Brands Holding GmbH [1] Group 1: Legal Proceedings - The company has filed two lawsuits related to a defaulted loan to Sportstech Brands Holding GmbH and a personal guarantee by Ali Ahmad [1] - The legal actions aim to enforce the terms of the defaulted loan agreement [1] Group 2: Auction Announcement - A public auction for 100% of the shares in Sportstech pledged to the company is scheduled for March 11, 2026, at 11:00 a.m. [1] - The auction is being conducted under the German Civil Code, indicating a formal process for asset recovery [1]

Core Viewpoint - Interactive Strength Inc. has published a comprehensive summary of the Sportstech transaction, including source materials and SEC filings, on its website, indicating transparency in its operations [1] Company Summary - Interactive Strength Inc. is a maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands [1] - The company is led by Founder and CEO Trent Ward, who expressed confusion regarding Sportstech's press releases aimed at public-market investors, given that Sportstech is a private company based in Germany [1]

Core Viewpoint - Sportstech Brands Holding GmbH disputes claims made by Interactive Strength Inc. regarding legal obligations and asserts that these claims are factually and legally incorrect [1][2][3] Legal Position - Sportstech has conducted a comprehensive legal review and believes that the loan agreements from January 27, 2025, and May 22, 2025, are void under German law [2][4] - The company has initiated legal steps to clarify its position under German law and has not been served with any lawsuits from TRNR in Germany [3][4] Claims and Negotiations - Sportstech denies the existence of the claims asserted by TRNR in the amounts alleged and maintains that any documents related to a potential acquisition were not binding [5][6] - The company is open to constructive discussions with TRNR regarding any legally valid obligations and is willing to negotiate a settlement [7][9] Operational Status - Despite the ongoing legal dispute, Sportstech continues its business operations without restrictions and is pursuing its strategic growth trajectory [9][10] - The company is confident that an agreement will be reached, albeit for a significantly lower amount than previously claimed [9] Market Position - Sportstech Brands Holding GmbH is recognized as an internationally active company in the home fitness, wellness, and lifestyle products sector, holding a strong market position in Europe [11]