TRNR recovers $6.4M and ends Sportstech dispute

Interactive Strength Inc. (TRNR) has fully resolved its dispute with Sportstech and recovered its working capital loan.

Rhea-AI Filing Summary

Interactive Strength Inc. (TRNR) has fully resolved its dispute with Sportstech and recovered its working capital loan. Sportstech paid TRNR $6.4 million, covering the $5.0 million loan principal plus interest and expenses, generating a financial return.

The settlement ends all related court, enforcement, and liquidation proceedings and leads TRNR to release pledged Sportstech shares and cancel a planned public auction. Management says this cash supports its growth plan, including closing the Ergatta acquisition, scaling Wattbike, and pursuing 2026 pro forma revenue of more than $30 million versus $5.4 million in 2024.

Positive

• Full loan recovery and return: Sportstech paid TRNR $6.4 million, described as full repayment of the $5.0 million principal plus interest and expenses, turning a disputed exposure into cash with a positive financial return.
• Legal dispute fully resolved: All related court, enforcement, and liquidation proceedings are being terminated, pledged Sportstech shares are released, and TRNR retains no ownership interest, removing a major operational and legal distraction.
• Supports ambitious growth plan: Management states the settlement proceeds help fund closing the Ergatta acquisition, scaling Wattbike, and pursuing 2026 pro forma revenue above $30 million, compared with $5.4 million revenue in 2024.

Negative

• None.

Insights

Equity analyst

TRNR secures cash recovery, removes legal overhang, and reiterates aggressive growth targets.

Interactive Strength obtained a settlement in which Sportstech paid $6.4 million, described as full recovery of the $5.0 million loan plus interest and expenses. This converts a contested exposure into cash and a modest return, while eliminating uncertainty around pledged Sportstech shares.

The company states it will withdraw lawsuits, cancel a planned auction of Sportstech shares, and retain no ownership interest in Sportstech. Management frames this as freeing attention and funding for its strategy, including closing the Ergatta acquisition, scaling Wattbike’s commercial sales, and supporting 2026 pro forma revenue guidance above $30 million compared with $5.4 million revenue in 2024.

TRNR highlights Ergatta’s expected contribution of more than $10 million annual revenue at roughly 30% EBITDA margins and notes Wattbike’s Air-Pro line has delivered over 700 bikes and about $2.5 million in UK commercial revenue since July 2025. Future filings will show how effectively this settlement-funded strategy translates into actual revenue and profitability relative to the stated guidance.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Interactive Strength Inc. (TRNR) announce regarding its Sportstech loan and dispute?

Interactive Strength Inc. announced that Sportstech fully repaid its working capital loan and resolved all related legal disputes. TRNR received $6.4 million under a settlement, covering the $5.0 million principal plus interest and expenses, and is terminating all associated court and enforcement proceedings.

How much cash did TRNR receive from the Sportstech settlement and what does it cover?

TRNR received a $6.4 million settlement payment from Sportstech. Management describes this as full recovery of the $5.0 million loan principal plus interest and reimbursement of legal and transaction expenses, generating a financial return on the working capital facility rather than a loss.

Does Interactive Strength still own any interest in Sportstech after the settlement?

No. The settlement explicitly resolves claims tied to the loan and share pledge agreements, and TRNR states it retains no ownership interest or involvement in Sportstech. The company will withdraw lawsuits, end enforcement actions, and cancel the planned public auction of pledged Sportstech shares.

How does the Sportstech settlement affect TRNR’s growth strategy and 2026 revenue goals?

Management says the settlement removes a distraction and provides funding to execute TRNR’s growth plan. The company is targeting more than $30 million in 2026 pro forma revenue, nearly six times its $5.4 million revenue in 2024, supported by Wattbike, CLMBR, FORME, and the planned Ergatta acquisition.

What role does the Ergatta acquisition play in TRNR’s financial outlook?

TRNR highlights Ergatta as a key growth driver, expecting it to add more than $10 million in annual revenue with approximately 30% EBITDA margins upon completion. Closing and integrating Ergatta is listed as a top operational priority following the Sportstech settlement and related cash inflow.

How is Wattbike contributing to Interactive Strength’s revenue plans?

Wattbike’s Air-Pro product line has delivered 700-plus bikes and around $2.5 million in UK commercial revenue since the July 2025 acquisition. TRNR plans to expand Wattbike’s presence in the U.S. and Europe, positioning the brand as a significant contributor to its 2026 pro forma revenue objectives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/05/2026 - 04:32 PM Learn about SEC filing dates

0001785056false00017850562026-02-272026-02-27

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2026

INTERACTIVE STRENGTH INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-41610	82-1432916
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1005 Congress Avenue, Suite 925
Austin, Texas				78701
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 512 885-0035

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $0.0001 par value per share		TRNR		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on January 27, 2025, Interactive Strength Inc. (the “Company”) entered into a Share Pledge Agreement (the “Share Pledge Agreement”) with Sportstech Brands Holding GmbH (“Sportstech”) and the sole shareholder of Sportstech (the “Pledgor”), pursuant to which the Pledgor pledged his share interest as collateral to secure Sportstech’s obligations under the loan agreement entered into between the Company and Sportstech on or around the same date. As previously disclosed, the loan agreement provided for a $5.6 million loan facility (which was fully drawn as of September 30, 2025).

As previously disclosed, on February 10, 2025, the Company entered into a Binding Transaction Agreement (the “Transaction Agreement”) with Sportstech, pursuant to which the Company would have acquired Sportstech (the “Acquisition”).

Although the Transaction Agreement was never formally terminated, the Company has previously publicly reported uncertainty surrounding the completion of the Acquisition considering there was a legal dispute between the parties.

On February 27, 2026, the Company and Sportstech entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which Sportstech was to pay the Company $6,350,000 along with making a payment to the Company’s counsel in its legal dispute with Sportstech (the “Settlement Payment”). In addition, pursuant to the Settlement Agreement, the Company and Sportstech will terminate all court, enforcement, and liquidation proceedings initiated in connection with their legal dispute, and the Company will release all securities received in connection with the Share Pledge Agreement.

The Company received the Settlement Payment on March 4, 2026.

The foregoing description does not constitute a complete summary of the terms of the Settlement Agreement and is qualified in its entirety by reference to the full text of the Settlement Agreement, which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.

Item 8.01 Other Events.

On March 4, 2026, the Company issued a press release announcing the Settlement Agreement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
10.1		Settlement Agreement, by and between Interactive Strength Inc. and Sportstech Brands Holding GmbH, dated as of February 27, 2026
99.1		Press Release, dated March 4, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Interactive Strength Inc.
Date:	March 5, 2026	By:	/s/ Caleb Morgret
			Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

TRNR Announces Full Loan Recovery and Successful Legal Settlement with Sportstech

German borrower has repaid full principal amount of $5.0M, plus interest and expense reimbursement of $1.4M

TRNR generates financial return after legal and transaction expenses, providing financing to achieve more than $30M in 2026 pro forma revenue

AUSTIN, TX March 4, 2026 – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer of Ergatta, today announced that Sportstech Brands Holding GmbH has repaid its outstanding loan obligations and resolved the related legal proceedings. Under the terms of the settlement, Sportstech paid TRNR $6.4 million, representing full recovery of the $5.0 million loan principal plus interest and expense reimbursement, covering all transaction expenses and generating a return on the working capital loan. As a result, TRNR will withdraw its lawsuits and cancel the public auction of pledged Sportstech shares scheduled for March 11.

“Following our decisive win in the Berlin court last week, we successfully settled the Sportstech dispute and recovered all of our capital as we said we would,” said Trent Ward, Chief Executive Officer of TRNR. “While the acquisition did not complete as we had hoped, we covered all legal and transaction expenses and generated a return in addition to recovering the loan principal.”

Ward continued: “This settlement is a great outcome for our investors as it removes a distraction for TRNR management and provides the necessary funding to execute on our growth plan and achieve profitability in the near-term. With this behind us, our full attention is where it should be - on closing the Ergatta acquisition, scaling Wattbike’s commercial momentum, and executing against our 2026 pro forma revenue guidance of more than $30 million.”

Settlement Terms

The settlement resolves all claims arising from the January 2025 and May 2025 loan agreements between TRNR and Sportstech, including the Share Pledge Agreement over 100% of Sportstech Brands Holding GmbH shares and the $6.4 million settlement has already been received by TRNR. TRNR retains no ownership interest in or involvement with Sportstech.

Forward Focus

With the Sportstech matter resolved, TRNR’s operational priorities are clear:

Ergatta: Closing and integrating the Ergatta acquisition, which is expected to add more than $10 million in annual revenue with approximately 30% EBITDA margins upon completion.

Wattbike: Continuing to scale the Air-Pro product line, which has delivered 700-plus bikes and approximately $2.5 million in UK commercial revenue since the July 2025 acquisition, with expansion into the U.S. and European markets.

Revenue Growth: Executing against the Company’s 2026 pro forma revenue guidance of more than $30 million, representing a nearly sixfold increase from $5.4 million in 2024.

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.

Investor Relations Contact:

ir@interactivestrength.com

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. These forward-looking statements include, but are not limited to, statements regarding settlement payment receipt and timing, acquisition closing and integration, revenue targets, operational priorities, and capital deployment. The reader is cautioned not to rely on these forward-looking statements. 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. 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.

###

Filing Exhibits & Attachments

3 documents

Press Releases

• EX-99.1 EX-99.1 16.8 KB

Agreements & Contracts

• EX-10.1 EX-10.1 43.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 24.3 KB