Why Is Interactive Strength (TRNR) Stock Up 59% Today?

Interactive Strength (NASDAQ:TRNR) stock is rising higher on Monday after the specialty fitness equipment company won its appeal for continued listing on the Nasdaq Exchange. According to a press release from Interactive Strength, the Nasdaq Hearings Panel has given the company until November 14, 2024 to regain listing compliance. The rule the company isn't compliant with is maintaining a minimum stockholders' equity of $2.5 million. Trent Ward, co-founder and CEO of Interactive Strength, said the following ...