Interactive Strength to Cut Shares from 3.6M to 0.5M via 1-for-7 Split
TRNR•Interactive Strength will implement a 1-for-7 reverse stock split on June 30, 2026, reducing outstanding shares from about 3.6 million to 0.5 million. The split aims to meet Nasdaq Capital Market’s $1.00 minimum bid price requirement and includes automatic adjustments to equity awards, warrants and fractional-share cash-outs.
1. Reverse Split Overview
On June 30, 2026, Interactive Strength will execute a 1-for-7 reverse stock split, consolidating approximately 3.6 million pre-split shares into about 0.5 million post-split shares under its existing trading symbol.
2. Compliance with Nasdaq Minimum Bid Price
The split is designed to restore compliance with the Nasdaq Capital Market’s $1.00 minimum bid price requirement, safeguarding continued listing and enhancing market stability for the company’s shares.
3. Impact on Equity Awards and Warrants
Outstanding equity awards, warrants and shares issuable under equity incentive plans will be proportionally adjusted to reflect the 1-for-7 ratio, with exercise and conversion prices recalibrated accordingly.
4. Stockholder Procedures and Fractional Shares
No fractional shares will be issued; holders entitled to fractions will receive cash payments, and positions held in brokerage accounts or certificates will be automatically updated by the company’s exchange agent.
