Brief: Interactive Strength Enters Into Exclusive Worldwide Distribution Agreement With WOODWAY to Sell and Distribute CLMBR

Interactive Strength

26/02/2024 12:02

Feb 26 (Reuters) - Interactive Strength Inc  TRNR.O :
    * INTERACTIVE STRENGTH INC. (NASDAQ: TRNR) ENTERS INTO
EXCLUSIVE
WORLDWIDE DISTRIBUTION AGREEMENT WITH WOODWAY TO SELL AND
DISTRIBUTE CLMBR
    * INTERACTIVE STRENGTH INC: CONFIRMS THAT IT EXPECTS TO
GENERATE
NET REVENUE OF BETWEEN $15 MILLION AND $20 MILLION IN 2024
    * INTERACTIVE STRENGTH INC: INITIAL PURCHASE ORDER IS
EXPECTED TO
GENERATE MORE THAN $7 MILLION OF NET REVENUE
    * INTERACTIVE STRENGTH INC: AGREEMENT HAS AN INITIAL TERM OF
FIVE
YEARS
    * INTERACTIVE STRENGTH INC: HAS ISSUED 800,000 WARRANTS TO
WOODWAY
WITH AN EXERCISE PRICE OF $1.25 PER SHARE

Source text for Eikon:  ID:nGNX5VgycM 
Further company coverage:  TRNR.O 

 ((Reuters.Briefs@thomsonreuters.com;))