BERLIN, Feb. 23, 2026 — Sportstech Brands Holding GmbH acknowledges the shareholder letter dated February 20, 2026 from Interactive Strength Inc. (Nasdaq: TRNR) regarding its announced reverse split. The assertion within that letter that Sportstech bears responsibility for TRNR’s capital market performance does not align with the facts.
1. No Liability for Share Price or Capital Actions
Sportstech firmly and categorically denies the allegations put forward by TRNR.
In Sportstech’s estimation, a publicly traded company’s share price performance is shaped by operational results, financial metrics, liquidity, capital structure, financing needs, and broader market conditions—not isolated external comments.
Capital market trends are impacted by a wide array of factors and mirror the market’s evaluation of a company’s core fundamentals.
Against this backdrop, the claim that external negotiations or public statements led to capital market-related structural steps (including the announced reverse split) has no factual foundation.
The reverse split is an independent decision made by TRNR’s authorized corporate bodies and must be legally separated from ongoing disputes with third parties.
Responsibility for operational performance, financial management, and capital market decisions rests exclusively with TRNR. At no point has Sportstech influenced or guided TRNR’s capital market-related choices.
2. The Matter Is Under Legal Dispute — Not Clear-Cut
The underlying contractual and legal matters are the subject of ongoing proceedings in Germany.
Describing this matter as “clear” or “uncontested” does not align with our legal position.
Sportstech has raised significant legal objections, which are currently being examined by the competent courts.
For Sportstech, only court rulings carry authority—not public attributions of blame.
3. Sportstech Continues to Seek a Constructive Resolution
Sportstech remains dedicated to a fact-based, professional resolution within the bounds of the applicable legal proceedings. Beyond this framework, only decisions from the competent courts are binding.
We are still ready to work toward a fair and professional solution that takes into account the interests of all involved parties, including investors from both companies.
4. Safeguarding Our Reputation
Sportstech explicitly refuses to be used as an explanatory narrative for the capital market developments of a third-party firm.
Our corporate history, operational performance, and reputation are founded on over a decade of entrepreneurial activity and millions of customers—not stock market fluctuations.
5. Operations Remain Fully Stable
Regardless of the ongoing legal disputes, Sportstech’s operational business continues without limitations and is progressing as planned.
Sportstech, along with its customers, partners, and employees, is not impacted by capital market-related developments at TRNR.
Quote from CEO Ali Ahmad:
“Throughout the transaction discussions, Sportstech operated under the assumption that all parties were working toward an economically sustainable and responsible outcome. I am paying close attention to TRNR’s recent public statements. My duty is to shield Sportstech and our partners from legal and economic misassessments—and I have consistently met this duty.”
Sportstech will steadfastly defend its rights and is confident that the competent courts will resolve the outstanding issues based on the actual facts and applicable law.
We remain ready at all times to find a solution marked by professionalism, substance, and accountability to investors.
Long-term trust is built through operational performance and financial stability—not by shifting responsibility.
About Sportstech Brands Holding GmbH
Sportstech Brands Holding GmbH is an international company operating in the home fitness, wellness, and lifestyle products sector, with a robust market position in Europe.
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Sportstech Brands Holding GmbH
Contact Person: Florian Taubitz
Position: Business Lawyer
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