Interactive Strength, Inc. (TRNR): debt financing — Interactive Strength raises $3.6M via secured convertible notes and warrants from existing investor

Interactive Strength, Inc.

Investor exercised Class A Incremental Warrants to purchase $4M principal of senior secured convertible notes; gross proceeds ~$3.6M.
Notes carry 10% OID, 12% interest, maturity Jan 24, 2028; convertible at $1.989/share (110% of principal+accrued).
Issued 829,876 common warrants exercisable at $3.06/share through Jan 28, 2032.
Company reiterates M&A strategy; expects Sportstech and LOI deals to close in Q2, adding >$50M pro forma 2025 revenue.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Interactive Strength, Inc. incurred convertible notes of $4,000,000 at 12% per annum maturing January 24, 2028.

Instrument: convertible notes
Principal: $4,000,000
Rate: 12% per annum
Maturity: January 24, 2028
Event: incurrence

Exact text from the filing

On March 11, 2025, the Investor elected to exercise the Class A Incremental Warrants (the “Warrant Exercise”) to purchase the Class A Incremental Notes for an aggregate principal amount of $4,000,000

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73 debt financings filed in the last 30 days. Browse all debt financings →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-037979

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