secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0000950170-25-051151
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025051151/0000950170-25-051151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025051151/trnr-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-051151

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