Interactive Strength Inc. (Nasdaq: TRNR) Receives Letter From Nasdaq Confirming That the Company Complies With the Stockholders’ Equity Requirement
CLMBR is expected to generate material growth in revenue and gross profit for the Company in 2024, and the conversion of debt to equity strengthens our balance sheet.
- CLMBR is expected to generate material growth in revenue and gross profit for the Company in 2024, and the conversion of debt to equity strengthens our balance sheet.
- As reported in the Form 10-Q, the Company’s stockholders’ equity as of June 30, 2023 was approximately $5.0 million.
- In accordance with Nasdaq Listing Rules, the Company submitted, in a timely fashion, a plan to regain compliance with the Stockholders’ Equity Requirement.
- The Company’s compliance plan was accepted by Nasdaq, and the Company was granted until February 19, 2024 to evidence compliance.