Interactive Strength Announces 1-for-10 Reverse Split Reducing Shares by 90%
Interactive Strength will execute a 1-for-10 reverse stock split effective February 24, 2026, changing its CUSIP to 45840Y500 and reducing outstanding shares from approximately 14.3 million to about 1.4 million. The move aims to satisfy Nasdaq Capital Market’s $1.00 minimum bid price requirement and preserve its listing status.
1. Reverse Stock Split Details
On February 24, 2026, Interactive Strength will implement a 1-for-10 reverse stock split of its common shares, retain its existing trading symbol, and adopt a new CUSIP number, 45840Y500.
2. Share Count Reduction
The reverse split will reduce outstanding shares from approximately 14.3 million to about 1.4 million, with no change to the total authorized share count or par value per share.
3. Compliance with Listing Requirements
The board approved the split to meet the Nasdaq Capital Market’s $1.00 minimum bid price requirement, ensuring the company maintains its continued listing status.
4. Adjustments for Equity Awards and Shareholders
Outstanding equity awards, warrants, and plan issuances will be proportionately adjusted; fractional shares will be cashed out, and book-entry and brokerage account positions will automatically reflect the split without action by holders.