---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-035695"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:54:39.714679+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength settles $3.96M legal debt with 12% promissory note due Oct 2025

## Summary
- Settled $3,958,985.85 legal liability with Pillsbury via unsecured note maturing Oct 15, 2025, bearing 12% interest.
- Conversion price of existing Amended Note lowered to $2.57; $1,212,400 converted into 471,750 shares.
- Note transferred from Woodway to TR Opportunities II LLC; conversion and issuance exempt under Section 3(a)(9).
- As of March 4, 2025, outstanding shares total 6,903,594 after conversions and prior issuances.

## SEC filing metadata
- accession: 0000950170-25-035695
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000095017025035695/0000950170-25-035695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000095017025035695/trnr-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-035695
- JSON: https://secwatch.observer/filing/0000950170-25-035695.json
- Plain text: https://secwatch.observer/filing/0000950170-25-035695.txt

## Key facts
- Debt Financings
  Interactive Strength, Inc. incurred loan of $3,958,985.85 with Pillsbury Winthrop Shaw Pittman LLP at 12% per annum maturing October 15, 2025.
  - Instrument: loan
  - Principal: $3,958,985.85
  - Counterparty: Pillsbury Winthrop Shaw Pittman LLP
  - Rate: 12% per annum
  - Maturity: October 15, 2025
  - Event: incurrence
  source text: On March 5, 2025, the Company and the Recipient entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company and the Recipient agreed to settle the Liability by issuing to the Recipient an unsecured promissory note in the principal amount of $3,958,985.85 (the “Settlement Note”). The Settlement Note has a maturity date of October 15, 2025 and accrues interest at a rate of 12% per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000095017025035695/0000950170-25-035695-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.