Interactive Strength issues 1.19M Series C Preferred shares to settle $2.38M debt with Vertical Investors

Interactive Strength, Inc.

Interactive issued 1,188,571 Series C Preferred shares at $2.00 each to settle $2,377,141.75 owed under Loan Restoration Agreement.
Settlement dated March 31, 2025 extinguishes Net Trade Value liability from prior preferred stock dispositions.
After issuance, Vertical holds 1,464,960 Series C Preferred shares issued unregistered under Section 4(a)(2) of Securities Act.
Company agreed not to incur new debt or issue senior/preferred stock without Vertical's consent while Vertical holds Series C Preferred.

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