Interactive Strength Inc (TRNR) has released an update.
Interactive Strength Inc. faced a potential delisting from the Nasdaq Global Market for not meeting the stockholders’ equity requirement of $10 million. To address this, the company transferred its listing to the Nasdaq Capital Market, which has a lower equity standard of $2.5 million. They also converted approximately $4.3 million of debt into equity and acquired assets to boost their stockholders’ equity by $4.5 million. With these strategic moves, the company believes it has regained compliance with the Nasdaq Capital Market’s equity requirement, potentially avoiding delisting.
For further insights into TRNR stock, check out TipRanks’ Stock Analysis page.
