other material
confidence high
sentiment neutral
materiality 0.55
Interactive Strength amends Series B Preferred to allow voluntary conversion at $32.827/share
Interactive Strength, Inc.
- Filed Certificate of Amendment to Series B Convertible Preferred Stock on Dec 10, 2024.
- Removes mandatory conversion provision from the Series B designation.
- Adds right for holders to voluntarily convert Series B shares into common stock.
- Clarifies conversion price is $32.827 per share.
- Amendment effective immediately upon filing with Delaware Secretary of State.