08:46 AM EDT, 07/01/2025 (MT Newswires) -- Interactive Strength ( TRNR ) said Tuesday it has closed its all-stock acquisition of indoor performance training bike business Wattbike.

Up to 60% of the total consideration is subject to performance-based hurdles to align business performance with shareholder returns, Interactive Strength ( TRNR ) said, adding that the consideration shares are locked up until June 2026 at the earliest.

The company said that Wattbike's anticipated performance, together with the pending Sportstech deal, is expected to generate more than $75 million of pro forma 2025 revenue and profitability in Q4.

Interactive Strength ( TRNR ) said that the Sportstech acquisition is expected to close in Q3.

The company's shares were up past 30% in recent premarket activity.