{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-014134","form_type":"8-K","ticker":"TRNR","cik":"0001785056","company_name":"Interactive Strength, Inc.","filed_at":"2025-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.847546+00:00","generated_at":"2026-05-27T02:48:01.977627+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Interactive Strength exchanges defaulted notes for $5.38M secured convertible notes due April/May 2025","bullets":["Company exchanged $5,380,341 in defaulted promissory notes for new secured convertible notes with 5% interest and $2.04/share conversion price.","Maturity dates: Exchange Notes 2,4,5 due April 4, 2025; Notes 1 and 3 due May 5, 2025.","Original notes were from 2019-2021 with former principal stockholder; assigned to TR Opportunities II LLC.","Company was in default on old notes and prior settlement agreement; exchange executed under Section 3(a)(9) exemption.","New notes are secured and convertible into common stock, potentially diluting existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-014134","json":"https://secwatch.observer/filing/0000950170-25-014134.json","markdown":"https://secwatch.observer/filing/0000950170-25-014134.md","text":"https://secwatch.observer/filing/0000950170-25-014134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/trnr-20250204.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T02:48:01.977627+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2d3a21565f327a4c7ce2ac66ea9d1e78030698e3","claim":"Interactive Strength, Inc. incurred debt of $362,350 with Investor at 5% per annum maturing April 4, 2025.","evidence_excerpt":"• Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from time to time as set forth in the Exchange Notes. The maturity date of Exchange Note 1 and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$362,350"},{"label":"Counterparty","value":"Investor"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"April 4, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"52468559065b989f7d055968adaa78105b40d430","claim":"Interactive Strength, Inc. incurred debt of $371,813 with Investor at 5% per annum maturing April 4, 2025.","evidence_excerpt":"• Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from time to time as set forth in the Exchange","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$371,813"},{"label":"Counterparty","value":"Investor"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"April 4, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5ba52755420445ec9405a7644757b3768fba33ae","claim":"Interactive Strength, Inc. incurred debt of $274,281 with Investor at 5% per annum maturing May 5, 2025.","evidence_excerpt":"amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$274,281"},{"label":"Counterparty","value":"Investor"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"May 5, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a02e941e93c757c606e9a6ac42bfba4b21d3baac","claim":"Interactive Strength, Inc. incurred debt of $2,819,830 with Investor at 5% per annum maturing May 5, 2025.","evidence_excerpt":"and Note 5 was exchanged for “Exchange Note 5”. Description of the Exchange Notes The principal amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount:","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2,819,830"},{"label":"Counterparty","value":"Investor"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"May 5, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a0b465e2ead687584ecc1d92f0f7468392fb4a37","claim":"Interactive Strength, Inc. incurred debt of $1,552,067 with Investor at 5% per annum maturing April 4, 2025.","evidence_excerpt":"Description of the Exchange Notes The principal amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000095017025014134/0000950170-25-014134-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$1,552,067"},{"label":"Counterparty","value":"Investor"},{"label":"Rate","value":"5% per annum"},{"label":"Maturity","value":"April 4, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}