Interactive Strength implements 1-for-100 reverse stock split and cuts Series A conversion price to $0.0702

Interactive Strength, Inc.

Reverse split at 1-for-100 effective Nov 11, 2024; shares outstanding drop from 41,787,040 to 417,871.
Series A preferred conversion price reduced from $0.7501 to $0.0702, significantly increasing potential dilution.
Trading symbol remains TRNR; new CUSIP is 45840Y302 after the split.
Reverse split affects all common holders uniformly; fractional shares are rounded up.

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 a Certificate of Amendment to reduce the conversion price of Series A Convertible Preferred Stock from $0.7501 to $0.0702 (effective 2024-11-08).

Change: charter amendment
Effective: 2024-11-08

Exact text from the filing

On November 8, 2024, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "CoD Amendment") to the Company’s Certificate of Designation of Series A Convertible Preferred Stock ("Series A") with the Secretary of State of the State of Delaware to reduce the conversion price of Series A from $0.7501 to $0.0702. The Certificate of Amendment became effective with the Secretary of State of the State of Delaware upon filing.

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

Interactive Strength, Inc.: Filed a Certificate of Amendment to effect a 1-for-100 reverse stock split of common stock (effective 2024-11-11).

Change: charter amendment
Effective: 2024-11-11

Exact text from the filing

On November 8, 2024, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "Charter Amendment") to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, $0.0001 par value per share ("Common Stock"), at a rate of 1-for-100 (the "Reverse Stock Split"), effective as of 9:00 a.m. Eastern Time on November 11, 2024.

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-127113

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