m_and_aconfidence high
Interactive Strength closes Ergatta acquisition for ~$13.3M; pro forma revenue $24M, loss $26M
Interactive Strength, Inc.
- Total consideration ~$13.3M: $2.1M cash, $1.75M secured note, 4.75M Series D-1 preferred shares (~$7.7M), contingent earnout (est. $1.6M, max $3.5M).
- Pro forma FY2025 revenue $23.97M, net loss $25.93M; Ergatta contributed $12.44M revenue and $0.66M net income historically.
- Preliminary purchase allocation: $9.8M intangible assets, $3.7M goodwill; Series D-1 classified as liability measured at fair value.
- Acquisition closed March 11, 2026; this 8-K/A provides audited Ergatta financials and unaudited pro forma statements per Item 9.01.
item 2.01item 9.01
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