Interactive Strength Inc. (Nasdaq:TRNR) Announces 1-for-10 Reverse Split
Rhea-AI Summary
Interactive Strength (Nasdaq:TRNR) will effect a 1-for-10 reverse stock split effective February 24, 2026, reducing outstanding shares from approximately 14.3 million to 1.4 million. The company's existing ticker TRNR remains, with a new CUSIP 45840Y500. The board approved the final ratio on February 6, 2026, and the split was previously approved by stockholders. The company says the reverse split is part of a plan to regain compliance with Nasdaq's $1.00 minimum bid price requirement. Proportionate adjustments will be made to outstanding equity awards, warrants, and plan share counts; no change to authorized shares or par value. Fractional shares will be paid in cash.
Positive
- Reverse split reduces outstanding shares from 14.3M to 1.4M
- Action intended to regain compliance with Nasdaq $1.00 minimum bid requirement
- Existing ticker TRNR retained; new CUSIP 45840Y500
Negative
- No fractional shares issued; holders will receive cash in lieu of fractions
- Post-split position updates are subject to each broker's processes, possibly causing timing differences
Key Figures
Market Reality Check
Peers on Argus
Momentum data flags TRNR in the down direction while only one peer (EJH) appears, moving up 3.35%. With no other peers in the same direction and no same-day peer news, the setup points to a stock-specific situation rather than a sector-wide move.
Previous Stock split Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jun 25 | Reverse stock split | Negative | -34.5% | Announced 1-for-10 reverse split to reduce share count and support bid price. |
| Nov 07 | Reverse stock split | Negative | -22.9% | Announced 1-for-100 reverse split aimed at regaining Nasdaq bid-price compliance. |
Past reverse split announcements for TRNR were followed by notably negative one-day moves of -34.5% and -22.88%, suggesting a pattern of weak market reception to this type of corporate action.
Over the past year, TRNR has repeatedly used reverse stock splits to address listing requirements. A 1-for-100 split in November 2024 and a 1-for-10 split in June 2025 both reduced outstanding shares sharply and were framed around Nasdaq minimum bid price compliance. Each prior split prompted a sizable negative price reaction, providing direct historical context for the newly announced 1-for-10 reverse split.
Historical Comparison
In the last 12 months, TRNR issued 2 reverse-split announcements tagged as stock splits, with an average next-day move of -28.69%, highlighting historically weak reactions to similar actions.
TRNR has implemented multiple reverse splits (1-for-100 in 2024, 1-for-10 in 2025, and now another 1-for-10) as part of ongoing efforts to address Nasdaq minimum bid price requirements while repeatedly shrinking its share count.
Regulatory & Risk Context
An active Form S-3/A shelf, effective since 2026-01-16, underpins the company’s at-the-market program, which saw a 424B5 usage on 2026-01-23. The amendment filing details offering-related expenses, including a $9,521.35 SEC registration fee, and standard indemnification and updating undertakings.
Market Pulse Summary
This announcement details a 1-for-10 reverse stock split that cuts outstanding shares from 14.3M to 1.4M, targeting Nasdaq’s $1.00 minimum bid requirement. TRNR has executed multiple reverse splits in the past year for similar purposes, with sizable negative next-day moves averaging -28.69%. Alongside an effective S-3/A shelf and at-the-market program, the key items to watch are future financing activity, listing compliance, and how the tighter share structure interacts with volatility.
Key Terms
reverse stock split financial
cusip technical
equity awards financial
warrants financial
par value financial
transfer agent financial
street name financial
AI-generated analysis. Not financial advice.
AUSTIN, TEXAS / ACCESS Newswire / February 20, 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 that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-10. The reverse stock split will become effective on February 24, 2026. The Company's common stock will begin trading on a post-split basis at the market open on February 24, 2026, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y500. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement of
The reverse stock split was approved by the Company's stockholders at the Company's Annual Meeting of Stockholders held on September 26, 2025, to be effected in the discretion of the Company's board of directors within approved parameters. The final ratio was approved by the Company's board of directors on February 6, 2026.
The reverse stock split reduces the number of shares of the Company's outstanding common stock from approximately 14.3 million shares to approximately 1.4 million shares. As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of the Company's common stock underlying the Company's outstanding equity awards and warrants and the number of shares issuable under the Company's equity incentive plans and other existing agreements, as well as the exercise or conversion price, as applicable. There will be no change to the number of authorized shares or the par value per share of the Company's common stock.
Information for TRNR Stockholders
As a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The Company's transfer agent, Equiniti Trust Company, LLC, will serve as the exchange agent for the reverse stock split.
Registered stockholders holding pre-split shares of the Company's common stock electronically in book-entry form are not required to take any action to receive post-split shares. Those stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker's particular processes, and will not be required to take any action in connection with the reverse stock split. Stockholders holding shares of the Company's common stock in certificate form will have their holdings of the Company's common stock automatically adjusted to reflect the reverse stock split.
No fractional shares will be issued in connection with the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares will receive cash for each fraction of a share they hold.
TRNR Investor Contact
ir@interactivestrength.com
About Interactive Strength Inc.:
Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.
Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.
CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.
FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.
From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.
Forward Looking Statements:
This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
SOURCE: Interactive Strength Inc.
View the original press release on ACCESS Newswire
FAQ
What is the reverse split ratio and effective date for TRNR (Nasdaq:TRNR)?
How many TRNR shares will be outstanding after the 1-for-10 reverse split?
Will my TRNR shares held in a brokerage account be adjusted automatically after the reverse split?
What happens to TRNR equity awards, warrants, and option exercise prices after the split?
Why is Interactive Strength (TRNR) conducting the reverse stock split?
Will TRNR's ticker or authorized shares change after the reverse split?
