TRNR signs definitive agreement to acquire Ergatta; raises 2026 pro forma revenue guidance to >$30M

Interactive Strength, Inc.

Acquisition of game-based fitness pioneer Ergatta; max enterprise value $19.5M (50% contingent on 2026 EBITDA).
Consideration: $1.8M cash at close, $1.8M debt, $5.3M equity locked until May 2027; up to $9.8M earn-out based on 2026 EBITDA.
Ergatta expected 2026 revenue >$10M (~70% recurring subs) with ~30% EBITDA margin; TRNR raises 2026 pro forma revenue guidance by 50% to >$30M.
TRNR expects to receive more cashflow from Ergatta in 2026 than the initial cash consideration paid; initial cash funded from existing facilities.
Deal expected to close Q1 2026; Ergatta founders (Tom Aulet, Alessandra Gotbaum) to continue leading post-acquisition.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Interactive Strength, Inc. entered into Agreement and Plan of Merger with Ergatta, Inc. (effective 2026-02-18).

Action: entry
Agreement: merger
Counterparty: Ergatta, Inc.
Effective: 2026-02-18

Exact text from the filing

On February 18, 2026, Interactive Strength Inc. (the "Company") entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Ergatta, Inc., a Delaware corporation ("Ergatta"), Ergatta Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Company ("Merger Sub"), and Tom Aulet, solely in his capacity as the securityholders’ representative (the “Securityholders’ Representative”), pursuant to which Merger Sub will merge with and into Ergatta (the “Merger”), with Ergatta surviving as a wholly owned subsidiary of the Company.

View on SEC.gov

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

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-064329

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.