debt
confidence high
sentiment negative
materiality 0.75
Interactive Strength cuts convertible note conversion price to $1.10 from $2.57
Interactive Strength, Inc.
- Amended convertible note with ~$1.9M principal held by TR Opportunities II LLC.
- Conversion price lowered from $2.57 to $1.10 (premium to April 17 closing price).
- Company and CLMBR granted a broad release of claims to the note holder.
- Conversion shares will be issued unregistered under Section 3(a)(9) of Securities Act.