on Interactive Strength Inc. (NASDAQ:TRNR)
Interactive Strength Inc. Achieves Full Nasdaq Compliance
Interactive Strength Inc. (Nasdaq:TRNR), the company behind the CLMBR and FORME fitness brands, has regained compliance with Nasdaq's Listing Rule 5550(a)(2). This rule requires a minimum bid price of $1.00. The company received an official notification from Nasdaq Listings Qualifications confirming this status.
Co-Founder and CEO Trent Ward expressed optimism, stating that TRNR's compliance with both bid price and stockholder’s equity rules signals a promising future on Nasdaq. On November 14, the firm's third quarter 10-Q filing confirmed over 500,000 publicly held shares, meeting another crucial Nasdaq requirement.
The company's innovative product lines include the CLMBR, a vertical climbing machine, and FORME, a digital fitness platform offering smart gyms and personal training. With this compliance, Interactive Strength Inc. aims for sustained success in the competitive fitness market.
R. E.
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