secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000950170-25-037979
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interactive Strength raises $3.6M via secured convertible notes and warrants from existing investor
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025037979/0000950170-25-037979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025037979/trnr-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-037979

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