Micro Cap Grabs Major Premarket Attention Following Key Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, April 8, 2025

A Texas-based fitness company is turning heads so far during Tuesday’s premarket hours after the company announced it has signed a binding transaction agreement to acquire Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes, according to the release this morning.

Traders rushed to snatch up shares of Interactive Strength Inc. (Nasdaq:TRNR) following the news, with shares of the micro cap currently bid up at $1.06/share (+19.10% implied open for sellers). Keep your eye on this one today!

Interactive Strength Inc., doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. It offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. The company also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online. The company was incorporated in 2017 and is headquartered in Austin, Texas.

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