Interactive Strength Inc. (TRNR) to Acquire STEPR, Inc.

July 7, 2026

Interactive Strength Inc. (Nasdaq: TRNR) signed a definitive agreement to acquire 100% of STEPR, Inc., a connected stair-climbing brand for home and commercial training. The deal is valued at a $6.7 million base consideration (cash, debt, and TRNR equity with performance-based earn-outs) and is expected to close in Q4 2026, subject to customary conditions and an audit of financial statements.

Targets
STEPR, Inc.
Sellers
STEPR founders (Dan Alenaddaf mentioned; employment arrangements noted), STEPR PTY (seller parties referenced in SEC-filing summary)
Platforms
Interactive Strength Inc.
Location
United States
Transaction Type
Buyout

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