Interactive Strength creates Series A Convertible Preferred Stock; 5M shares designated

Interactive Strength, Inc.

5M shares of Series A Convertible Preferred designated; 8% annual dividend, no voting rights.
Conversion allowed after 12 months from issuance; conversion price at or above last closing price before board approval.
Existing promissory notes amended to allow conversion into Series A Preferred.
Effective January 8, 2024; preferred not listed on any exchange.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Interactive Strength, Inc.: Filed Certificate of Designation for Series A Convertible Preferred Stock, designating 5,000,000 shares and setting rights, preferences, and conversion terms (effective 2024-01-08).

Change: charter amendment
Effective: 2024-01-08

Exact text from the filing

On January 6, 2024, the Board of Directors of Interactive Strength Inc. (the “Company”) approved the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (“Series A Preferred Stock”).

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59 governance changes filed in the last 30 days. Browse all governance changes →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-002921

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