New NASDAQ Alert [Inside]

AwesomeStocks Don’t want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) TRNR has a history of experiencing increased volatility and could now be positioned for a breakout higher. TRNR is a newly listed NASDAQ company that had its IPO earlier this year. Over the past few weeks TRNR has been consolidating, but over the past few days has been trending higher. Could this be the start of a sustainable breakout higher? In the event that TRNR holds above its recent lows and 20 day moving average of 1.38, there exists potential for a big bounce higher. TRNR has a 50 day moving average of 1.80, more than 24% above yesterday’s close. TRNR is a “digital fitness platform that combines premium smart home gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers”. TRNR delivers an “immersive and dynamic at-home fitness experience through two connected hardware products”: - “The FORME Studio (fitness mirror)” - “The FORME Studio Lift (fitness mirror and cable-based digital resistance)” As the company further explains: “The Studios uniquely transform to host a variety of workouts and activities, returning to an elegant, full-length mirror when not in use.” In addition to the company’s connected fitness hardware products, “FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training”. TRNR’s unique approach could give them a competitive advantage. Since its IPO, over the past few months, the company has announced multiple accomplishments. In August, the company announced: “Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces Distribution Partnership With Industry Leading Integrated Fitness Services Company, The Risher Companies” Here are the highlights from this press release: - “Company Continues Business-To-Business Commercial Strategy to Strengthen Multi-Year Subscription Opportunities” - “FORME Selected as a Preferred Equipment Supplier for Industry Leading Fitness Center Consulting and Procurement Firm” As the company further explained: “The Risher Companies (“TRC”), one of the largest fitness center consulting and equipment procurement firms servicing multi-family properties, real estate development and management companies, master-planned communities, and office buildings nationwide. TRC distributes over 20 commercial brands of fitness equipment and is a top 10 national distributor for Matrix, Woodway, Stages Cycling, Octane and FreeMotion Fitness.” Here are some of the comments from this press release: “FORME’s equipment is best-in-class and we are very excited to offer it to our clients in support of our focus on curating differentiated and value-added on-property amenities,” said Josh Mann, Partner and Vice President of TRC. “FORME’s offering checks the three most important boxes for us - attractive and high-quality design, versatile functionality, and an engaging user experience, making it a great fit for many of our projects.” In addition, the company also announced: “Interactive Strength Inc. d/b/a FORME Reports Second Quarter 2023 Results” Here are some of the company’s comments from this press release: “Trent Ward, co-founder and CEO of FORME, said, “While the second quarter revenue was an improvement on the first quarter, we believe the most exciting driver in the business going forward is the letter of intent and exclusivity agreement into which we have entered, and which we believe should result in a transformational acquisition that can accelerate our commercialization path. We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.”” “Specifically, for the second quarter, hardware installations drove the fitness product revenue to more than triple from the first quarter, and it would have been higher, but a number of installations slipped to July as a result of consumers’ holiday travel in June.” In addition: “We are excited about what we are seeing in the B2B channel, as evidenced by our new partnership with The Risher Companies that was announced earlier this month. We expect that fitness product sales into the B2B channel will drive a material percentage of our hardware installations going forward as we are focusing more on this higher return on capital channel. In fact, the strength of the performance in the B2B channel, as well as our belief that the FORME business would benefit from it, were key reasons for our interest in the potential acquisition.” Most recently, the company announced: “Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces Non-Binding Letter of Intent and Exclusivity Agreement to Acquire a Connected Fitness Equipment Business” Here are the highlights from this press release: - “The combined Company is projected to generate more than $25 million in gross revenue in 2024 and be cashflow positive and adjusted EBITDA profitable by the fourth quarter of 2024” - “It is currently anticipated that all of the equity of the target company will be exchanged for TRNR equity and be subject to a “lock-up” until the end of October 2024, similar to pre-IPO shareholders” - “The transaction is expected to close as early as the fourth quarter of 2023” As the company further explains in the press release: “The potential transaction, if consummated, is expected to accelerate FORME’s commercialization path, result in immediate scale across all functions and create a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.” Here are some of the company’s comments from this press release: “We believe this will be a transformational acquisition that can accelerate our commercialization path. Further we believe the combination of these businesses will create tremendous value for both groups of shareholders,” said Trent Ward, co-founder and CEO of FORME. “We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth, profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.” Moreover: “We are excited about what we are seeing in the B2B channel in our own business. In fact, the strength of the performance in the B2B channel, as well as our belief that the FORME business would benefit from further investment in this area, were key reasons for our interest in the potential acquisition. This transaction sets the stage for FORME to become an industry leader across a range of modalities.” Importantly: “This strategic move is also expected to provide FORME and the target company with enhanced cross-selling opportunities and improved penetration into new end markets.” TRNR could be in a position to experience increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the “Publisher”). 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