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Key Acquisition Milestone Reached As Breaking News Presses Low Float (Nasdaq: TRNR) Into The Green Early
February 11th
Greetings Readers,
(Nasdaq: TRNR) is off to a hot start today.
Why? It could be be because of this game-changing announcement:
Interactive Strength Inc. (Nasdaq:TRNR) Signs Binding Agreement to Acquire Sportstech, a Pro-fit-able $40Mn+ Revenue Connected-Fitness Equipment Business
TRNR is expected to generate more than $50Mn in revenue in 2025 on a pro forma basis and achieve EBITDA pro-fit-ability in H2 '25
Sportstech is founder-led, having achieved pro-fit-ability and scale without raising capital and has successfully sold equipment to almost 3 million customers since 2012
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AUSTIN, TX / ACCESS Newswire / February 11, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced it had signed a binding transaction agreement to acquire Sportstech Brands Holding GMBH ("Sportstech"), the largest connected fitness and equipment company in Germany. The binding transaction agreement marks an expected milestone in the acquisition process, following TRNR's previously-announced non-binding LOI with Sportstech - and combines businesses with highly complementary operations to create a scaled group anchored in the US and Germany, the two largest fitness markets in the world. The deal is expected to close as early as April 1, 2025 and will be immediately accretive to TRNR's results.
"This is a huge leap forward for both Interactive Strength and Sportstech, dramatically accelerating the combined company's ability to serve both consumers and businesses and grow globally," said TRNR Founder and CEO Trent Ward. "In Ali and Sportstech, we have the ideal partner - an experienced and successful Founder of a highly-complementary fitness platform who bootstrapped his way to eight figures in pro-fit-able revenue and is motivated to grow even further and faster. This is a proud day for the teams from both companies and a major boost for our ability to create shareholder value."
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Read the full article here.
Remember, with a tiny float of fewer than 1Mn shares, volatility potential is something to consider while watching this profile.
Take a moment to review the news and think about getting (Nasdaq: TRNR) on your radar.
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Catch that quick-hitter yesterday?
My most recent breakout idea, a little-known NYSE profile surged to a new February high Monday.
In fact, from last week's after-hours close of $4.48, it popped to $5.45 Monday for a run of approx. 21%.
But let's keep moving forward...
Right now, I've got a new Nasdaq breakout idea, and well, when it comes to floats, this is one of the smaller ones I've seen.
Yahoo Finance is reporting a minuscule float of approximately 39.21k.
That's wildly tiny. And that also means volatility potential could be significant at the drop of a hat.
On top of that, key technicals are leaning towards oversold levels.
At 4:00PM EST on Monday, this profile had a 9-Day and 14-Day Relative Strength Index both below 25%.
Mix in a potential game-changing acquisition that could close any day, and there's no mistake why this breakout idea continues to climb my watchlist.
Consider this Nasdaq profile for your radar Tuesday:
*Interactive Strength Inc. (Nasdaq: TRNR)*
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME.
And based on several potential catalysts, (Nasdaq: TRNR) could start earning some breakout buzz. Take a look:
No. 1 - Could An Extremely Low Float Create The Environment For Explosive Volatility.
No. 2 - Oversold Leaning Technicals Could Be Hinting Towards An Upcoming Reversal/Bounce.
No. 3 - A Potential Acquisition Is On The Horizon (Could Generate More Than $40Mn In Annual Revenues).
No. 4 - A Key Distribution Agreement Helps Spread Company's Equipment Through France (Where Next In Europe?).
No. 5 - Not Just Europe! CLMBR Growth Spreads Across Saudi Arabia After Multiple Installations.
But more on those in a second...
Major Market Potential On A Global Scale
Through TRNR's fitness brands, they have the potential to disrupt some seriously fast-growing markets.
Mordor Intelligence believes that the global fitness equipment market could reach $46.11Bn by 2030.
By 2034, the global market for golf training aids is on track to reach $1.5Bn according to Future Market Insights.
Even Statista shares that the worldwide wellness market could reach $8.99Tn by 2028!
What does this all add up to?
It adds up to an under-the-radar company having multiple, massive global markets in their sights with the goal of serious disruption.
Company Profile - Interactive Strength Inc.
Interactive Strength Inc. (NASDAQ: TRNR) is the parent company of three leading brands serving the commercial and at-home markets with specialty fitness equipment and virtual training: CLMBR, FORME and FORME GOLF.
CLMBR manufactures vertical climbing equipment and provides a unique digital and on-demand training platform.
FORME is a hardware manufacturer and digital fitness service that combines award-winning smart home gyms with 1:1 personal training (from real humans) to deliver an immersive experience and better outcomes for both consumers and trainers.
FORME GOLF combines the FORME Lift hardware with golf specific training delivered by Titleist Performance Institute certified trainers.
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