---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-053378"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2025-04-11T23:59:59+00:00"
generated_at: "2026-05-23T16:16:23.891166+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength signs binding deal to acquire Wattbike for £1 plus stock earn-out

## Summary
- Acquires all shares of Wattbike for £1; noteholders receive Series E Preferred stock convertible to common by June 15, 2026.
- Earn-out: 50% of FY26 revenue above £17.5M (cap £1.5M) and 50% of FY27 revenue above £20M (cap £1.5M).
- Closing expected Q2 2025, subject to FCA consent and other customary conditions; terminates if not met by Sept 30, 2026.
- Pro forma 2025 revenue >$65M; Wattbike has sold >100,000 bikes and is used by NFL, NBA, MLB, NHL, Premier League teams.
- Synergies via shared distributors WOODWAY and MeFit Pro; manufacturing with Giant/AIPS in Taiwan.

## SEC filing metadata
- accession: 0000950170-25-053378
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2025-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000095017025053378/0000950170-25-053378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000095017025053378/trnr-20250408.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-053378
- JSON: https://secwatch.observer/filing/0000950170-25-053378.json
- Plain text: https://secwatch.observer/filing/0000950170-25-053378.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.