Interactive Strength Inc. (TRNR) Announces Settlement With Sportstech Brands and Full Loan Repayment
Interactive Strength Inc. (TRNR) received $6.4 million from Sportstech Brands, fully recovering a loan, and announced an acquisition agreement with Ergatta.Summary
Interactive Strength Inc. (TRNR) announced on March 4, 2026, that Sportstech Brands had fully repaid its outstanding loan obligations and resolved related legal proceedings. The settlement included a $6.4 million payment to TRNR, covering the $5.0 million loan principal, interest, and expenses. As a result, TRNR withdrew its lawsuits and canceled a planned auction of Sportstech shares. TRNR also confirmed it has no further ownership or involvement with Sportstech.
Separately, on February 18, 2026, TRNR entered into a definitive agreement to acquire Ergatta, a connected fitness company, for a potential enterprise value of up to $19.5 million, contingent on earn-out targets. The base transaction value is $8.8 million, comprising cash, debt, and equity. Ergatta is projected to generate over $10 million in revenue in 2026, with a substantial portion from subscriptions and a roughly 30% EBITDA margin.
Interactive Strength Inc. (TRNR) focuses on developing and selling specialty fitness equipment and virtual training solutions for both commercial and at-home use across the United States, Europe, and Asia.
(Source：Insider Trading)