TRNR is set to acquire Sportstech Holding in an all-stock transaction, acquiring 99% of the company for an initial consideration of $15 million in non-voting convertible preferred stock. The acquisition is part of a larger $40 million deal, which has generated interest due to TRNR's low float and market capitalization. Traders are monitoring TRNR for potential volume increases and price movements, particularly as it aims to regain the 1.40-1.45 range. The company has also indicated it is looking for updates regarding acquisitions as mentioned in a previous press release.