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Stock impact report

Interactive Strength Inc. (Nasdaq: TRNR) Announces 1-for-40 Reverse Split [Yahoo! Finance]

Interactive Strength Inc. (TRNR) 
Company Research Source: Yahoo! Finance
AUSTIN, TX - ( NewMediaWire ) - June 11, 2024 - Interactive Strength Inc. (Nasdaq: TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-40. The reverse stock split will become effective on June 14, 2024, and the Company's common stock will begin trading on a post-split basis at the market open on June 14, 2024, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y203. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits. The final ratio was approved by the Company's board of directors, pending stockholder approval of the reverse stock split range, on May 30, 2024. The reverse stock split range was approv Show less Read more
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