Mergers & Acquisitions ·
Interactive Strength agrees to acquire STEPR for up to $19M in cash and stock, closing Q4 2026
TRNRInteractive Strength, Inc.
Interactive Strength Inc. entered into a Stock Purchase Agreement on July 7, 2026, to acquire STEPR, Inc. through a combination of cash and newly issued Series F-1, F-2, and F-3 Non-Voting Convertible Preferred Stock. The total equity consideration is potentially up to $19,000,000, potential cash consideration components include an initial $1,500,000 working capital contribution, $1,200,000 to repay an existing shareholder loan, and up to $2,500,000 in incremental cash, plus a $1,000,000 shareholder cash consideration on the first anniversary. The transaction is expected to occur in the fourth quarter of 2026. Interactive Strength Inc. operates in the fitness and technology sector.