TRNR recovers $6.4M in full settlement of Sportstech loan dispute, ends legal proceedings

Interactive Strength, Inc.

Sportstech paid TRNR $6.4M, covering $5.0M loan principal plus interest and expense reimbursement; payment received March 4, 2026.
TRNR withdraws lawsuits and cancels public auction of pledged Sportstech shares scheduled for March 11.
Company resolves all claims from Jan 2025 and May 2025 loan agreements; retains no ownership in Sportstech.
CEO says settlement removes distraction, provides funding to execute growth plan targeting >$30M pro forma 2026 revenue.
TRNR's priorities include closing Ergatta acquisition (expected >$10M annual revenue, ~30% EBITDA margins) and scaling Wattbike Air-Pro.

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 Settlement Agreement with Sportstech Brands Holding GmbH valued at $6,350,000 (effective 2026-02-27).

Action: entry
Agreement: settlement
Counterparty: Sportstech Brands Holding GmbH
Value: $6,350,000
Effective: 2026-02-27

Exact text from the filing

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”).

View on SEC.gov

Browse all material agreements →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-094084

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.