Austin, Texas, June 11, 2025, Chain Wire
ATW Partners and DWF Labs invested $55 million in the first closure
TRNR is expected to have the largest public Treasury department in the US focusing on AI tokens
TRNR enters technology collaboration with fetch.ai to enhance fitness training with AI technology
Interactive Strength Inc. (NASDAQ: TRNR), a manufacturer of innovative professional fitness equipment under the CLMBR and Forme brands and a pending acquirer of SportStech and Wattbike, announced today that they have signed a securities purchase agreement to raise up to $500 million.
This transaction is expected to have the largest publicly listed Cryptocurrency Ministry focused on AI tokens. TRNR is already in the process of acquiring $FET tokens with the first $55 million new capital invested by private equity firm ATW Partners and Crypto Market Maker DWF Labs.
“Digital assets are rapidly becoming an important part of global financial infrastructure, and AI is the biggest technological leap of our lifetime,” said Trent Ward, CEO of TRNR. “Fetch.ai is the market leader, the intersection of today’s two most important technology trends: artificial intelligence and cryptography. We believe that the strategy of acquiring a significant number of $FET tokens can dramatically accelerate our mission to create important long-term value for TRNR shareholders.”
“We are proud to support this groundbreaking transaction and promote the adoption of institutional crypto,” said Andrei Grachev, managing partner at DWF Labs. “As a global leader in crypto investment and market production, there is great potential in TRNR’s financial strategy and Fetch.AI’s vision, demonstrating the next wave of corporate capital markets employing AI-driven digital assets.”
“Unlike traditional models that generate isolated responses, the fetch.ai ecosystem is built on autonomous agents that can interact, collaborate and trade in real time.” “This allows users to build and monetize independently working AI tools, such as physician appointments, market forecasts, and book personalized fitness plans.”
From medical research and energy to logistics and funding, Fetch.ai’s platform features not only content generation, but also AI agents that optimize critical industries, as well as the world’s first distributed LLM designed for autonomous action. fetch.ai is the original publisher of $fet and is a member of the Artificial Supervisor Alliance (ASI). As part of the transaction, Fetch.ai will work with TRNR to expand its digital fitness services and accelerate its AI-driven personal training platform.
This investment accelerates TRNR momentum from two pending acquisitions. TRNR believes it emphasizes strong institutional support for the company’s strategy of combining Crypto Treasury Assets with Accretive acquisitions. The Cryptocurrency Asset Strategy is expected to enhance TRNR’s financial flexibility, support AI and digital fitness ambitions, and increase shareholder exposure to next-generation growth assets.
$FET is the top 50 cryptocurrency by market capitalization, according to Coinmarketcap.com, and is a cryptocurrency focused on the AI-centric top.
TRNR leverages BITGO for both trading and custody of $FET holdings through BITGO’s best-in-class custody platform.
Advisor:
Legal counsels include Lacosky Brookman (Interactive Strength), K&L Gates/Ed Dartley (Fetch.ai), Kelly Drye & Warren (ATW Partners), Blank Rome (ATW Partners), and Nixon Peabody (DWF Labs). Wachsman is a transaction communications and strategy company and the agent for Fetch.ai’s records.
For more information, information and details on the rationale and structure of the expected acquisition, please refer to the TRNR Investors website and required applications with the Securities and Exchange Commission (SEC).
About fetch.ai:
Fetch.ai Inc. is a Delaware AI company and a founding member of the ASI Alliance, redefining the possibilities of an intelligent, connected world through AI agent-based technology. Fetch.AI’s infrastructure technology enables developers and businesses to build, deploy and monetize via an agent-based modular platform for new generations of AI applications. The company’s core product, Agentverse, fuses language models (LLMS) with AI agents to create an open, dynamic marketplace that connects users to services and rethinks the current search experience. For more information, please visit fetch.ai.
Interactive Strength Inc. About:
Interactive Strength Inc. produces innovative professional fitness equipment and digital fitness services under two major brands: 1) CLMBR and 2) Forme. Interactive Strength Inc. is listed in Nasdaq (symbol: TRNR).
The CLMBR is a vertical climbing machine that offers efficient and effective full body strength and aerobic exercise. The Clmbr design is compact and easy to move, making it ideal for commercial or at home use. Due to its low Impact and ergonomic movement, the CLMBR is safe for most ages and ability levels, and can be found in gyms, fitness studios, hotels and physical therapy facilities, and is available to consumers at home. www.clmbr.com.
Forme is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching, delivering immersive experiences and better results for both consumers and trainers. Forme offers an immersive and dynamic fitness experience through two connected hardware products. In addition to the company’s connected fitness hardware products, Forme offers professional personal training and health coaching in a variety of formats, through video-on-demand, custom training and live 1:1 virtual personal training. www.formelife.com.
fetch.ai media contact information
fetch.ai@wachsman.com
TRNR Media Contact Information
john@sintercompany.com
TRNR Investor Contact Information
ir@interactivestrength.com
Channels for disclosure of information
In compliance with its disclosure obligations under the Regulatory FD, we present important information to the public through a variety of means, via filings with the Securities and Exchange Commission (“SEC”), press releases, company blog posts, public conference calls, webcasts, and investment-related websites. Updates to the list of disclosure channels that may publish information will be posted on the Investor Relations page on our website. The inclusion of our website address or third party site addresses in this press release is intended solely as an inactive text reference.
Positive statement:
This press release contains certain statements that are “forward-looking statements” for the purposes of the safe harbor provisions under the US Private Securities Litigation Reform Act of 1995. In general, forward-looking statements state that they “believe,” “project,” “expectations,” “estimates,” “estimates,” “intention,” “strategy,” “future,” “opportunities,” “May,” “will,” “will,” “will,” “will,” “continued,” and “are likely to predict historical events.” These forward-looking statements include, but are not limited to, statements relating to the possibility of acquiring future businesses or completing pending transactions referenced in a timely manner or the ultimate total revenue of the loan. Shareholder exposure to next-generation growth assets. Readers are warned not to rely on these forward-looking statements. These statements are based on current expectations for future events. If the underlying assumption proves that inaccurate or known or unknown risks or uncertainties will be realized, the actual outcome may differ significantly depending on the company’s expectations and forecasts. Risk and uncertainty includes, but is not limited to, whether ATW Partners and/or DWF Labs will invest more amounts, the crypto strategies of other US public companies, and the price of $FET tokens. A further list and explanation 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, we have no obligation to update any forward-looking statements.
contact
Lynn Cheer
press@dwf-labs.com
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