Interactive Strength (TRNR) to acquire CLMBR for ~$16.9M in stock and debt assumption

Interactive Strength, Inc.

Enterprise value $16.9M; $6M in TRNR stock (VWAP collar), $1.5M sub-debt assumed, $9.4M senior debt retired.
Combined 2024 revenue expected >$20M; cash flow positive and adjusted EBITDA profitable potentially by Q4 2024.
CLMBR shareholders receive TRNR equity with lock-up until Oct 2024; no cash taken off table.
Acquisition expected to close in Q4 2023; adds B2B distribution via WOODWAY partnership.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Interactive Strength, Inc. entered into Asset Purchase Agreement with CLMBR, Inc and CLMBR1, LLC valued at approximately $16.9 million (effective 2023-10-06).

Action: entry
Agreement: asset purchase
Counterparty: CLMBR, Inc and CLMBR1, LLC
Value: approximately $16.9 million
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, Interactive Strength Inc. (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with CLMBR, Inc and CLMBR1, LLC (the “Sellers”) to purchase and acquire substantially all of the assets and assume certain liabilities of the Sellers (the "Acquisition").

View on SEC.gov

197 material agreements filed in the last 30 days. Browse all material agreements →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-052952

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.