Interactive Strength Inc. (NasdaqGM:TRNR) entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc. for $6 million on October 11, 2023. Interactive Strength will pay $6 million in stock and assumed $1.5 million of subordinated debt and $9.4 million senior debt to be refinanced. Interactive Strength will pay Earn-out in the from of stock for achieving certain levels of B2B unit sales in 2024.

The transaction is expected to be in the fourth quarter of 2023.