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Sportstech Rejects Statements by Interactive Strength Inc. (TRNR)
Clarification on Loan and Transaction Claims BERLIN, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Sportstech Brands Holding GmbH (“Sportstech”) refers to repeated public
About this update from Interactive Strength Inc.
[{"type":"text","content":"Clarification on Loan and Transaction Claims\nBERLIN, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Sportstech Brands Holding GmbH (“Sportstech”) refers to repeated public statements by Interactive Strength Inc. (Nasdaq: TRNR) regarding Sportstech and clarifies that, from Sportstech’s perspective, key assertions made therein are legally and factually incorrect. Sportstech has in the past fulfilled, and will continue to fulfill in the future, all claims asserted against Sportstech to the extent that they are due and legally enforceable. Sportstech expressly rejects any impression to the contrary. In this context, Sportstech has informed TRNR that the claims asserted by TRNR do not exist in the amount alleged. Following a comprehensive legal review, Sportstech is confident that both the original loan agreement dated January 27, 2025, and its subsequent extension dated May 22, 2025, all of which are governed by German law, are void under German law. To the extent that TRNR, in public statements, represents the inevitability of enforcement or realization procedures—including an alleged sale of company shares—Sportstech considers such statements misleading. Sportstech has already initiated legal steps to obtain formal clarification under German law, which governs the claimed obligations. To date, no lawsuit filed by TRNR in Germany has been served on Sportstech. Sportstech is exploring its claims, as plaintiff, against TRNR with respect to these matters. The measures publicly indicated by Interactive Strength Inc. involve complex and contested legal issues, the resolution of which typically requires significant time, financial resources, and legal effort. From Sportstech’s perspective, these are not straightforward or quickly executable matters, but potentially protracted and costly disputes. Sportstech is, however, confident that its own legal positions are well-founded and that the pending and anticipated proceedings have good prospects of success. Furthermore, Sportstech clarifies that at no point has there been a fully executed purchase agreement for TRNR to acquire Sportstech. Any documents described as binding served solely as a basis for further discussions. Key economic and structural aspects of a potential transaction were not finally agreed before the negotiations terminated. The public impression that Sportstech requested a waiver of ...