Company initiates legal proceedings to enforce defaulted loan and personal guarantee Formal auction proceedings also initiated under German Civil Code with a public auction notice for March 11 AUSTIN, TEXAS / ACCESS Newswire / February 10, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) (the "Company") today announced that it has filed two distinct lawsuits in connection with the previously disclosed defaulted loan to Sportstech Brands Holding GmbH ("Sportstech"), and the corresponding personal guarantee by ...

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]

Core Viewpoint - Interactive Strength Inc. is positioned to leverage the Sportstech situation to enhance its business operations and is optimistic about achieving significant revenue growth in the coming years [1] Group 1: Business Operations - The company is actively pursuing legal actions in multiple jurisdictions related to the Sportstech situation [1] - A public auction of the pledged Sportstech shares is being conducted as part of the company's strategy [1] Group 2: Financial Outlook - The company has provided a revenue guidance of more than $20 million for 2026, indicating nearly 100% compound annual growth rate (CAGR) over two years [1]

Core Insights - The company anticipates Q4 2025 revenue to exceed $4.5 million, representing approximately 100% year-over-year growth [1] - Pro forma revenue for 2025 is expected to surpass $20 million, which is about four times the revenue of 2024 [1] - The Wattbike Air-Pro has sold over 700 units, generating around $2.5 million in the UK commercial channel since July [1] - The company is currently involved in litigation and foreclosure proceedings against Sportstech due to defaulted loan obligations [1] - The CEO of Interactive Strength stated that the company is starting 2026 in a significantly improved position [1]

Core Insights - Interactive Strength Inc. has published a shareholder letter detailing updates on the Sportstech loan and acquisition process, as well as insights into its improved operational scale and near-term plans [1] Company Overview - Interactive Strength Inc. (NASDAQ: TRNR) has developed a strong portfolio of premium fitness brands, including Wattbike, CLMBR, and FORME, which integrate advanced hardware, smart technology, and immersive content for exceptional training experiences [2] Product Offerings - Wattbike provides high-performance indoor bikes known for their accuracy, realistic ride-feel, and advanced performance tracking, trusted by elite athletes and fitness enthusiasts globally [3] - CLMBR offers a next-generation vertical climbing experience with a patented open-frame design and immersive touchscreen, delivering efficient and effective workouts [4] - FORME focuses on strength, mobility, and recovery training through immersive content and performance-grade hardware, featuring systems like the smart fitness mirror and smart resistance cable training [4] Market Positioning - The company's ecosystem of performance-focused solutions aims to deliver data-driven outcomes for athletes, fitness enthusiasts, and commercial operators, catering to both elite performance and everyday wellness [5]

Core Viewpoint - Interactive Strength Inc. is progressing with its acquisition of Sportstech Brands Holding GmbH and has secured a working capital loan to facilitate this transaction [1] Group 1 - The company has a binding transaction agreement with Sportstech, which was initially disclosed in February [1]

Core Insights - Sportstech Brands Holding GmbH is in discussions with Interactive Strength, Inc. regarding a potential acquisition, which have been ongoing since late 2024 [1] - Negotiations have been suspended as of November 27, 2025, due to the inability to agree on key economic and strategic terms, with no further discussions currently taking place [2] - The planned entry into the U.S. market was a significant aspect of the acquisition discussions, but this objective cannot be achieved as intended due to the suspension of negotiations [3] - Sportstech reported a strong business year in 2025 and anticipates further operational and financial improvements in 2026, which will enhance its financial base and provide flexibility for a future U.S. market entry [4] Company Overview - Sportstech Brands Holding GmbH operates internationally in the home fitness, wellness, and lifestyle product sectors, holding a strong market position in Europe [5]

Core Viewpoint - Interactive Strength Inc. has secured a significant order for its next-generation Wattbike AIR-PRO units, indicating strong demand in the premium fitness market in Germany [1] Group 1: Company Developments - The company announced a major order for 85 Wattbike AIR-PRO units, valued at over $200K, from one of Germany's largest fitness operators [1] - This order is specifically for Fitness First's premium Black Label facilities, highlighting the company's focus on high-end fitness solutions [1] Group 2: Market Context - The new order follows a previous order exceeding $1 million from Woodway for the US market, suggesting a growing presence in both European and American fitness markets [1] - The acquisition of Sportstech is pending, which may further enhance the company's market position and product offerings [1]

Core Insights - Interactive Strength Inc. has updated its Investor FAQ section to address shareholder inquiries regarding its recent quarterly filing, the timing of the Sportstech acquisition, and 2025 pro forma revenue expectations exceeding $80 million [1][1][1] Group 1 - The company is the maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands [1] - The company is in the process of acquiring Sportstech [1] - The update follows the company's Q3 2025 shareholder letter, which detailed operating progress, integration milestones, and pro forma performance [1]