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Accesswire
14 days ago
TRNR Announces Full Loan Recovery and Successful Legal Settlement with Sportstech
German borrower has repaid full principal amount of $5.0M, plus interest and expense reimbursement of $1.4M TRNR generates financial return after legal and transaction expenses, providing financing to achieve more than $30M in 2026 pro forma revenue AUSTIN, TEXAS / ACCESS Newswire / March 4, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer of Ergatta, today announced that Sportstech Brands Holding GmbH has repaid its outstanding loan obligations and resolved the related legal proceedings. Under the terms of the settlement, Sportstech paid TRNR $6.4 million, representing full recovery of the $5.0 million loan principal plus interest and expense reimbursement, covering all transaction expenses and generating a return on the working capital loan.