TRNR Wins Decisively in Berlin Court Against Sportstech's Claims
Rhea-AI Summary
Interactive Strength (Nasdaq:TRNR) said the Berlin Regional Court (Ref: 42 O 111/26 eV) conclusively dismissed all Sportstech and Ali Ahmad claims challenging a loan agreement and share pledge, and ordered Sportstech to pay court and legal costs. TRNR confirmed the March 11, 2026 public auction of Sportstech shares will proceed and reiterated it seeks to recover nearly $7.0 million under the loan agreement.
The Court rejected allegations of unconscionable terms and deception, found TRNR disclosed collateral requirements, and affirmed the auction is lawful under § 1235 BGB.
Positive
- Court dismissal of all Sportstech/Ahmad claims
- Sportstech ordered to pay court and TRNR legal costs
- March 11, 2026 public auction of Sportstech shares will proceed
- TRNR seeks recovery of nearly $7.0 million under the loan agreement
Negative
- Enforcement relies on a public auction scheduled for March 11, 2026
- Additional legal proceedings in German courts remain active
News Market Reaction – TRNR
On the day this news was published, TRNR gained 4.97%, reflecting a moderate positive market reaction. Argus tracked a peak move of +21.8% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $62K to the company's valuation, bringing the market cap to $1M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Sector peers show mixed moves, with names like MRM (-1.44%), IVP (-15%), CLIK (-4.24%), EJH (+2.85%) and YYGH (-3.9%). Momentum scanner flagged only WW at -5.07%, suggesting today’s setup is company-specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 23 | Guidance and deck update | Positive | -9.8% | Raised 2026 pro forma revenue guidance by 50% to more than $30M. |
| Feb 20 | CEO strategic letter | Positive | -44.5% | CEO outlined acquisition, Sportstech enforcement, reverse split and roadmap. |
| Feb 20 | Reverse split announcement | Negative | -44.5% | Announced 1-for-10 reverse stock split to address Nasdaq bid-price rule. |
| Feb 18 | Ergatta acquisition | Positive | +5.4% | Signed deal for Ergatta, lifting 2026 pro forma revenue guidance above $30M. |
| Feb 10 | Sportstech legal action | Positive | +15.6% | Filed lawsuits and announced March 11, 2026 public auction of Sportstech shares. |
Recent company-specific news often produced sharp moves, with some positive updates followed by negative price reactions.
Over recent weeks TRNR reported multiple material developments, including an Ergatta acquisition that lifted 2026 pro forma revenue guidance to more than $30 million, capital structure actions, and an announced 1-for-10 reverse split to address Nasdaq bid-price compliance. It also disclosed lawsuits and a March 11, 2026 public auction of Sportstech shares. The new Berlin court decision reinforces its enforcement narrative around a nearly $7.0 million claim, connecting directly to prior Sportstech-related announcements and the broader strategic and financing reset described in earlier filings and letters.
Regulatory & Risk Context
The company has an effective Form S-3/A shelf dated 2026-01-16, amended primarily to add an auditor consent. It has already been utilized via a 424B5 prospectus supplement on 2026-01-23 for an at-the-market program, indicating ongoing capacity to issue registered securities under this shelf.
Market Pulse Summary
This announcement confirms a decisive legal victory in Berlin, with all Sportstech and Ali Ahmad claims dismissed and a public auction of pledged shares still scheduled for March 11, 2026. It reinforces TRNR’s efforts to enforce a nearly $7.0 million claim tied to its loan and share pledge structures. In context of recent guidance increases and financing activities, investors may focus on actual cash recovery from the auction, ongoing German proceedings, and how enforcement outcomes interact with capital-raising plans under the existing shelf and ATM program.
Key Terms
german civil code regulatory
nda technical
sec filings regulatory
AI-generated analysis. Not financial advice.
Berlin Regional Court dismisses conclusively all Sportstech claims across three attempted injunctions
Court Orders Sportstech to Pay for the Cost of the Proceedings
March 11 Auction of Sportstech Continues as Announced
AUSTIN, TX / ACCESS Newswire / February 24, 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 it has just received the decision of the Berlin Regional Court (Ref: 42 O 111/26 eV), which conclusively dismissed all claims by Sportstech and Ali Ahmad as to the legality of the loan agreement and share pledge and ordered Sportstech to pay related court and legal fees. The March 11 auction of Sportstech shares continues as planned.
"Sportstech and Mr. Ahmad have claimed fanciful defenses in order to not fulfill their obligations and to frustrate our legally entitled enforcement actions such as the auction all of the Sportstech shares on March 11, but the Berlin Regional Court conclusively dismissed all of these baseless claims," said Trent Ward, CEO of TRNR.
"As we expected, all of the claims by Sportstech and Mr. Ahmad as to why they believed that they did not need to adhere to the loan agreement and share pledge were dismissed. The decision was conclusive in addressing the bizarre statements that Sportstech and Mr. Ahmad have made, prompting the Berlin Regional Court Judge to write that "it is also incomprehensible why [Sportstech and Mr. Ahmad] entered into such a contract if the terms were apparently not in line with market conditions."
Sportstech and Mr. Ahmad have filed three separate interim injunctions since early January, and all three have been unsuccessful. One was inadmissible, one was withdrawn after TRNR counsel submitted a response and the final one was rejected today by the Berlin Regional Court, which also ordered Sportstech to pay for the cost of the proceedings, which includes the costs of the court and of TRNR's legal counsel.
Bidders in the March 11 auction of Sportstech's shares are encouraged to registered by emailing sportstech@interactivestrength.com in order to receive a NDA and be granted access to the data room.
TRNR will continue to pursue all remedies to satisfy its nearly
Summary of The Court's Findings
In its decision, the Court addressed and rejected each of Sportstech and Mr. Ahmad's substantive arguments. Key findings include:
On the validity of the loan agreement:
The Court found that Mr. Ahmad's claim that the loan terms were unconscionable was asserted "in general terms and without any substantiation." The Court further noted that it was "incomprehensible why the limited liability company entered into such a contract if the terms were apparently not in line with market conditions" given Mr. Ahmad's own assertion that Sportstech could have obtained more favorable financing elsewhere. The Court found "no evidence that [TRNR] forced the limited liability company to enter into the loan agreement."
On the allegation of deception:
The Court reviewed TRNR's communications with Sportstech and found "the exact opposite" of Mr. Ahmad's claims - specifically, that TRNR "clearly stated that the collateral will be required if the loan is not repaid" and that "repayment by the end of 2025 is entirely in the hands of [Mr. Ahmad] or the GmbH." The Court concluded: "There is no indication ... that [TRNR] allegedly misled the limited liability company/applicant from the outset."
On the public auction:
The Court confirmed that TRNR "is proceeding by way of a public auction in accordance with § 1235 BGB [German Civil Code] as provided for by law and not by way of a private sale," rejecting Mr. Ahmad's argument that TRNR intended to acquire the shares below their value.
Procedural Context
Today's decision is one component of TRNR's broader enforcement strategy. The public auction of Mr. Ahmad's pledged shares in Sportstech Brands Holding GmbH remains scheduled for March 11, 2026. Additional legal proceedings initiated by the Company against Sportstech and Mr. Ahmad in German courts remain active.
As previously disclosed, TRNR is owed nearly
Documentation Available
The Company has shared details on the Sportstech enforcement process on its investor website interactivestrength.com. The Loan Agreement, Share Pledge Agreement, and all related SEC filings remain available on that page for shareholder reference.
TRNR Investor Contact
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. Forward-looking statements in this press release include, but are not limited to, statements regarding: the Company's enforcement strategy; the anticipated March 11, 2026 public auction of Sportstech shares and related processes; the Company's ability to recover amounts owed under the Loan Agreement; the outcome, timing, or impact of current or future legal proceedings; the Company's pursuit of remedies against Sportstech and Mr. Ahmad; and the Company's future business performance, growth strategies, product demand, and market opportunities. 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 did TRNR (TRNR) announce about the Berlin court decision on February 24, 2026?
Will the March 11, 2026 auction of Sportstech shares proceed as planned under TRNR (TRNR)?
How much does TRNR (TRNR) claim it is owed from Sportstech following the court decision?
Did the Berlin court address Sportstech's allegations of deception against TRNR (TRNR)?
What immediate legal effects did the Berlin ruling create for TRNR (TRNR) and Sportstech?
