Interactive Strength stock price plummeted due to reverse stock split plan

2026-02-20 19:21:20

Investing.com – Interactive Strength Inc. (NASDAQ:TRNR) stock dropped 40% on Friday after the company announced a 1-for-10 reverse stock split effective February 24, 2026.

This reverse split will reduce the number of outstanding shares from approximately 14.3 million to about 1.4 million. The company’s common stock will continue to trade under the ticker symbol “TRNR,” but will use the new CUSIP number 45840Y500.

Interactive Strength is a manufacturer of professional fitness equipment, owning brands such as Wattbike, CLMBR, and FORME. The company stated that this reverse split is part of its plan to regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share.

The reverse split plan was approved by shareholders at the company’s annual meeting on September 26, 2025, and the final 1-for-10 ratio was approved by the board of directors on February 6, 2026.

The company will make appropriate adjustments to outstanding stock options, warrants, and related exercise or conversion prices. The authorized share count and par value per share will remain unchanged.

Equiniti Trust Company will serve as the transaction agent for this reverse split. Shareholders holding shares electronically or through brokerage accounts will have their holdings automatically adjusted without any action required. No fractional shares will be issued; shareholders will receive cash in lieu of any fractional shares.

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