Target earned more than $15M in revenue in 2024 and TRNR expects to improve target's profitability materially through potential operating synergies
All-stock consideration with long lock-up - expected to close soon, reflecting months of discussions and due diligence - would be TRNR's second transaction in 2025 already
Deal adds further momentum to TRNR growth strategy of making accretive acquisitions of high-potential businesses in the highly fragmented, global health & wellness market
Read MoreTRNR details $50M pro forma annual revenue guidance, rationale of expected Sportstech acquisition, comments on market manipulation concerns and bitcoin as a Treasury asset
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