June 11th, 2025 – Austin, Texas
class=”ql-align-center”>ATW Partners and DWF Labs invested $55 million in initial closing
TRNR will be the US’s largest publicly traded crypto-treasury focusing on AI tokens.
TRNR partners with Fetch.ai for AI-powered fitness training
Interactive Strength Inc., maker of specialty fitness equipment for the CLMBR, FORME, and Wattbike brands, and in the process of acquiring Sportstech, announced today that it had entered into an Securities Purchase Agreement (SPA) to raise $500 million. The net proceeds are to be exclusively used to purchase FET tokens – a digital asset developed with AI by Fetch.ai.
TRNR is likely to have the world’s largest crypto-treasury focusing on AI tokens as a result of this transaction. TRNR has already begun the acquisition of FET tokens using the $55 million in new capital invested by ATW Partners, a private equity company.
Trent Ward, TRNR’s CEO said: “Digital assets have become an integral part of the global financial infrastructure. AI represents a technological revolution unprecedented in human history.” Fetch.ai leads the industry at the intersection between two of today’s most significant technology trends: crypto and artificial intelligence. Our strategy of acquiring a large number FET tokens will help us to accelerate our goal to provide significant value to TRNR’s shareholders.
We are pleased to be a part of this historic deal that will advance institutional adoption. As a leader in the crypto market, and as a company that specializes in investments, Fetch.ai and TRNR’s treasury strategies have enormous potential. They represent the next generation of capital markets that embrace AI-driven digital asset.
Humayun Sheikh is the CEO of Fetch.ai. “Unlike conventional models, which generate isolated responses in response to a query, Fetch.ai’s ecosystem relies on agents who can collaborate and interact with each other, as well as transact real-time,” he said. “This enables users to build and monetize AI tools that operate independently–whether for booking doctor appointments, market forecasting, or personalized fitness plans.”
Fetch.ai’s platform is the first LLM in the world designed to be autonomous, rather than just for content creation. It powers AI agents who optimize industries from medical research, energy, logistics, and finance. Fetch.ai, the first issuer of FETs and member of the Artificial Superintelligence Alliance(ASI), is the originator of FET. Fetch.ai and TRNR will work together to accelerate the AI-driven platform for personal training.
TRNR says that this investment will accelerate its momentum following two acquisitions. TRNR also believes it highlights strong investor support for TRNR’s combined strategy of crypto treasury and acquisitions. TRNR expects its crypto treasury assets strategy to increase financial flexibility and support AI and digital fitness aspirations, while increasing shareholder exposure to new-generation growth investments.
According to Coinmarketcap.com, FET ranks among the top 50 cryptocurrencies and is one of top 5 AI focused cryptocurrencies by market capitalization.
TRNR is leveraging BitGo to trade and hold its FETs, using BitGo’s top-of-the-line custody platform.
Advisors:
The legal advisors were Lucosky Brookman, Interactive Strength (K&L Gates/Ed Dartley), Blank Rome (ATW Partners), Kelly Drye & Warren and Nixon Peabody of DWF Labs. Wachsman was the communication and strategy agency for this transaction, and Fetch.ai’s official agent.
Please visit TRNR’s Investor Website for more information, details and commentary on the anticipated acquisition and its rationale. Also, see the required SEC filings.
Fetch.ai about
Fetch.ai Inc., a Delaware AI company founded by the ASI Alliance and a founding member in the ASI Alliance redefines the possibilities for an intelligent connected world with its AI-agent-based technology. Fetch.ai’s modular agent-based platform allows developers to create, deploy and monetize new AI applications. Agentverse is the company’s flagship product. It combines Language Models and AI Agents into an open marketplace, which connects users with services, and reinvents current search experiences. Visit Fetch.ai for more information.
Interactive Strength Inc.:
Interactive Strength Inc. manufactures innovative fitness equipment under the two brands CLMBR & FORME. Interactive Strength Inc. (symbol TRNR) is listed at NASDAQ.
CLMBR offers a full-body cardio and strength workout. CLMBR is easy to use and move, making it ideal for home or commercial use. CLMBR’s low-impact and ergonomic movements make it safe for all ages and abilities. It is available in gyms, fitness studios, physical therapy centers, hotels and other facilities. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Fetch.ai Media Contact
Fetch.ai@wachsman.com
TRNR Media Contact
john@sintercompany.com
TRNR Investor Contact
ir@interactivestrength.com
Channels for Disclosure of Information
In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission (“SEC”), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.
Forward Looking Statements:
This press release includes certain statements that are “forward-looking statements” for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced pending transactions in a timely manner or at all, the ultimate gross proceeds of the financing, the Company having the largest US publicly listed crypto treasury focused on an AI-token, and the financing strengthening the Company’s financial flexibility, supporting the Company’s AI and digital fitness ambitions, and increasing shareholder exposure to next-generation growth assets. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: whether ATW Partners and / or DWF Labs will invest further amounts, other US publicly listed companies’ crypto strategies, and the price of FET tokens. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
Contact
Lynn Chia Press@dwf-labs.com
This post draftInteractive Strength Inc. (Nasdaq: TRNR) Enters into $500 Million Facility to Acquire AI-focused FET Tokens and Launch Crypto Treasury Asset Strategy may be modified as updates unfold.
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