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]
Sportstech Rejects Statements by Interactive Strength Inc. (TRNR)