TRNR Files Lawsuits Against Sportstech and Ali Ahmad and Announces March 11, 2026 Public Auction of All Shares of Sportstech

Company initiates legal proceedings to enforce defaulted loan and personal guarantee

Formal auction proceedings also initiated under German Civil Code with a public auction notice for March 11

AUSTIN, TEXAS / ACCESS Newswire / February 10, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) (the "Company") today announced that it has filed two distinct lawsuits in connection with the previously disclosed defaulted loan to Sportstech Brands Holding GmbH ("Sportstech"), and the corresponding personal guarantee by Ali Ahmad. The Company further announced that a public auction of 100% of the shares in Sportstech pledged to Interactive Strength will be conducted on March 11, 2026, at 11:00 a.m. Central European Time in Frankfurt am Main, Germany.

Trent Ward, Chief Executive Officer of Interactive Strength, commented: "We are taking next steps in asserting our rights under the loan agreement - on multiple fronts at the same time, as we said we would. We extended Sportstech every opportunity to resolve this matter, and we have lost patience with their nonsensical posturing."

"With respect to the lawsuits: those complaints were shared with Sportstech and its bank lenders, Commerzbank, Deutsche Bank, and Volksbank Mittweida, in advance of filing in an effort to minimize legal costs and facilitate a negotiated resolution. Unfortunately, there was no sincere engagement on a resolution, despite the straight-forward legal rights we have in the loan agreement with Sportstech and personal guarantee by Ali Ahmad."

In terms of the auction: any qualified bidder can participate by registering in advance, providing a bank guarantee from a German financial institution covering their maximum bid, and appearing in person in Frankfurt."

"Multiple outcomes, such as receiving a value of the shares above our claim, or acquiring Sportstech at a value near our claim, represents a positive, and near-term, resolution for our shareholders. We have pursued this process deliberately and transparently, and the March 11 auction date provides some certainty on timing."

Lawsuit Filings Details

The first claim is against Sportstech for its failure to repay approximately $6.0 million in principal, interest, and discount under the Loan Agreement dated January 27, 2025, as amended by the Loan Extension Agreement dated May 22, 2025. Both the loan agreement and the amendment were filed with the U.S. Securities and Exchange Commission last year and are governed by German law, and are also accessible from TRNR's IR site.