Thursday, March 30, 2023
HomeFitnessFitness Company Forme plans to offer 2 million shares in an IPO

Fitness Company Forme plans to offer 2 million shares in an IPO

By Stephen Nakrose

Interactive Strength Inc., which does business as Forme, said it plans to cap its forthcoming IPO at 2 million shares.

The digital fitness platform also said it expects the offering to cost between $6 and $8 per share.

Forme said it combines connected fitness hardware products with human-powered personal training and coaching. Products include the Forme Studio fitness mirror and the Forme Studio Lift fitness mirror with wired digital resistance. The company also offers video-on-demand classes and health coaching, it said.

Ritastar Ltd., Investments and Apeiron related companies are among the Company’s major shareholders.

Forme said it applied to be listed on the Nasdaq exchange under the symbol TRNR.

Aegis Capital Corp. is listed as the underwriter of the offering.

Write to Stephen Nakrosis at [email protected]

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