secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0000950170-23-070073
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interactive Strength closes $2.16M convertible note financing with warrant and $20M equity line
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- Convertible note of $2.16M principal with 8% OID, 7% interest, matures Dec 7, 2024; convertible at $1.25 or 92% VWAP floor.
- Warrant to purchase 924,480 shares at $1.25 per share, exercisable until June 7, 2029.
- Gross proceeds $2.0M; net proceeds for working capital and general corporate purposes.
- Equity line of credit: Company may sell up to $20M of common stock to an accredited investor, with no obligation to draw.
- Registration rights agreements filed for resale of conversion shares and equity line securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017023070073/0000950170-23-070073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017023070073/trnr-20231207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-070073

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