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

News Market Reaction – TRNR

-43.32%

-43.32% Session close to close

In the Feb 20 session, TRNR declined 43.32%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -43.3% in the session following this news. A negative reaction despite this primar...

Analysis

The stock dropped -43.3% in the session following this news. A negative reaction despite this primarily mechanical reverse split would fit prior patterns, where similar announcements averaged about -28.69% over the next session. The stock had been trading far below its 200-day MA, and multiple recent financings plus an active shelf and at-the-market program highlight capital-structure overhangs. Investors have previously treated reverse splits tied to listing compliance as cautionary signals rather than fundamental improvements.

Key Figures

Reverse split ratio: 1-for-10 Pre-split shares: 14.3 million shares Post-split shares: 1.4 million shares +2 more

5 metrics

Reverse split ratio 1-for-10 Announced common stock reverse split

Pre-split shares 14.3 million shares Outstanding common stock before reverse split

Post-split shares 1.4 million shares Outstanding common stock after reverse split

Effective date February 24, 2026 Reverse split effectiveness and start of post-split trading

Nasdaq bid requirement $1.00 per share Minimum bid price to maintain Nasdaq Capital Market listing

Previous Stock split Reports

2 past events · Latest: Jun 25 (Negative)

Same Type Pattern 2 events

Date	Event	Sentiment	24h 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.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

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.

Recent Company History

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.

Key Terms

reverse stock split, cusip, equity awards, warrants, +3 more

7 terms

reverse stock split financial

"today announced that it will conduct a reverse stock split of its outstanding"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip technical

"under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y500."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

equity awards financial

"underlying the Company's outstanding equity awards and warrants and the number of"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

warrants financial

"underlying the Company's outstanding equity awards and warrants and the number of"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

par value financial

"There will be no change to the number of authorized shares or the par value per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

transfer agent financial

"The Company's transfer agent, Equiniti Trust Company, LLC, will serve as the exchange"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

street name financial

"hold their shares in brokerage accounts or in "street name" will have their positions"

A "street name" is a way that stocks or other financial assets are registered under a broker's name rather than directly in an individual investor's name. This allows for easier buying, selling, and transferring of the assets, much like how a library might hold books on behalf of many readers. For investors, using a street name simplifies transactions and helps maintain privacy, but it also means the broker is the official record holder of ownership.

View in glossary

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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 $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.

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)?

The company will complete a 1-for-10 reverse split effective February 24, 2026. According to the company, trading on a post-split basis begins at market open on February 24, 2026, and the new CUSIP will be 45840Y500.

How many TRNR shares will be outstanding after the 1-for-10 reverse split?

Outstanding shares will fall from approximately 14.3 million to about 1.4 million after the reverse split. According to the company, this reflects the 1-for-10 consolidation of pre-split shares into post-split shares.

Will my TRNR shares held in a brokerage account be adjusted automatically after the reverse split?

Yes, brokerage-held or 'street name' TRNR positions will be adjusted automatically by brokers. According to the company, adjustments are subject to each broker's particular processes and no action is required by most holders.

What happens to TRNR equity awards, warrants, and option exercise prices after the split?

Proportionate adjustments will be made to the number of shares and exercise or conversion prices of awards and warrants. According to the company, equity incentive plans and existing agreements will be adjusted to reflect the 1-for-10 split.

Why is Interactive Strength (TRNR) conducting the reverse stock split?

The company says the reverse split is intended to help regain compliance with Nasdaq's $1.00 minimum bid price requirement. According to the company, the split also provides other potential benefits related to continued listing.

Will TRNR's ticker or authorized shares change after the reverse split?

The trading symbol TRNR will remain the same, but the company's CUSIP will change to 45840Y500. According to the company, there will be no change to the number of authorized shares or the par value per share.