Brief: Interactive Strength D/B/A Forme To Acquire CLMBR, Creating B2B Focused Connected Fitness Platform

Interactive Strength

11/10/2023 14:09

Oct 11 (Reuters) - Interactive Strength Inc  TRNR.O :
    * INTERACTIVE STRENGTH, INC. D/B/A FORME (NASDAQ: TRNR) TO
ACQUIRE
CLMBR, CREATING A HIGH-GROWTH, B2B FOCUSED, CONNECTED FITNESS
PLATFORM
    * INTERACTIVE STRENGTH INC: ENTERPRISE VALUE OF DEAL (NOT
INCLUDING EARN-OUT POTENTIAL) IS $16.9 MILLION
    * INTERACTIVE STRENGTH INC - COMBINED BUSINESS IS
ANTICIPATED TO
GENERATE MORE THAN $20 MILLION IN REVENUE IN 2024
    * INTERACTIVE STRENGTH INC -  COMBINED BUSINESS IS
ANTICIPATED TO
BE CASHFLOW POSITIVE AND ADJUSTED EBITDA PROFITABLE POTENTIALLY
AS EARLY AS Q4 OF 2024

Source text for Eikon:  ID:nGNXbhcwsV 
Further company coverage:  TRNR.O 

 ((Reuters.Briefs@thomsonreuters.com))