11 Fastest Growing Penny Stocks to Buy Right Now

2. Interactive Strength Inc. (NASDAQ:TRNR)

On March 4, 2026, Interactive Strength Inc. (NASDAQ:TRNR) announced that Sportstech Brands repaid its outstanding loan obligations and resolved the related legal proceedings. Under the settlement, Sportstech paid TRNR $6.4 million, representing full recovery of the $5.0 million loan principal plus interest and expense reimbursement, covering transaction costs and generating a return on the working capital loan. TRNR said it will withdraw its lawsuits and cancel the public auction of pledged Sportstech shares that had been scheduled for March 11, 2026. The settlement resolves all claims tied to the January 2025 and May 2025 loan agreements, including the Share Pledge Agreement covering 100% of Sportstech Brands Holding GmbH shares. TRNR confirmed the $6.4 million payment has already been received and said it now has no ownership interest in or involvement with Sportstech.

On February 18, 2026, Interactive Strength Inc. (NASDAQ:TRNR) signed a definitive agreement to acquire Ergatta after previously announcing a letter of intent on January 9. The company described Ergatta as a Brooklyn-based connected fitness company focused on game-based fitness content with monthly net retention above 98%. Ergatta is expected to generate more than $10 million in 2026 revenue, with about 70% from recurring subscriptions and an EBITDA margin of roughly 30%. TRNR said the maximum enterprise value of the deal could reach $19.5 million, assuming full earn-out targets are achieved. The base transaction value of $8.8 million includes $1.8 million in cash at closing, $1.8 million in debt, and $5.3 million in equity locked up until May 2027. Additional consideration of up to $9.8 million may be paid if Ergatta reaches about $4 million in 2026 EBITDA, with up to another $1 million tied to 2027 EBITDA targets. The company expects the acquisition to close in Q1 2026.

Interactive Strength Inc. (NASDAQ:TRNR) develops and sells specialty fitness equipment and virtual training solutions for commercial and at-home markets in the United States, Europe, and Asia.