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Stock impact report

Interactive Strength Inc. (Nasdaq:TRNR) Successfully Concludes Hearings Panel Appeal and Confirms Demonstrated Compliance Letter for Continued Nasdaq Listing [Yahoo! Finance]

Interactive Strength Inc. (TRNR) 
Company Research Source: Yahoo! Finance
fitness equipment under the CLMBR and FORME brands, today announced that the Company received a letter confirming demonstrated compliance with Listing Rule 5550(b)(1) of The Nasdaq Stock Market, which successfully concludes the Hearings Panel appeal process that began in May. Trent Ward, Co-Founder and CEO of TRNR, said: "We are excited to receive the confirmation that the Company demonstrated compliance with the Equity Rule and are very appreciative that the Hearings Panel agreed in August with our potential to regain compliance with the Equity Rule. We reported a Stockholder's Equity of $5.8 million for the third quarter, well in excess of the $2.5 million minimum level, and are confident that the Company will maintain sufficient levels in the future." "We are very focused on delivering against our growth strategy and hope to be able to share some positive developments before the end of the year," Mr. Ward continued. "Achieving compliance with the Equity Rule of the Nasdaq Conti Show less Read more
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