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. As a result, TRNR will withdraw its lawsuits and cancel the public auction of pledged Sportstech shares scheduled for March 11, 2026.

"Following our decisive win in the Berlin court last week, we successfully resolved the Sportstech dispute and recovered all of our capital as we said we would," said Trent Ward, Chief Executive Officer of TRNR. "While the acquisition did not complete as we had hoped, we covered all legal and transaction expenses and generated a return in addition to recovering the loan principal."

Ward continued: "This settlement is a great outcome for our investors as it removes a distraction for TRNR management and provides the necessary funding to execute on our growth plan and achieve profitability in the near-term. We can now turn our full attention to where it should be : on closing the Ergatta acquisition, accelerating Wattbike's commercial momentum further, and executing against our 2026 pro forma revenue guidance of more than $30 million."

Settlement Terms: $6.4M Already Paid

The settlement resolves all claims arising from the January 2025 and May 2025 loan agreements between TRNR and Sportstech, including the Share Pledge Agreement of 100% of Sportstech Brands Holding GmbH shares. The $6.4 million settlement has already been received by TRNR. TRNR now retains no ownership interest in or involvement with Sportstech.

Forward Focus

With the Sportstech matter resolved, TRNR's operational priorities are clear:

Ergatta: Closing and integrating the Ergatta acquisition, which is expected to add more than $10 million in annual revenue with approximately 30% EBITDA margins upon completion.