secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0000950170-25-035695
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025035695/0000950170-25-035695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025035695/trnr-20250303.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-035695

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer