Interactive Strength, Inc. (TRNR): debt financing — Interactive Strength settles $500k advisory fee with unsecured promissory note to Berenberg

Interactive Strength, Inc.

Settled $500,000 liability owed to Berenberg Capital Markets for IPO advisory services.
Issued unsecured promissory note for $500k, 5% annual interest, due May 1, 2026.
Note is unsecured and includes restrictive legend under Securities Act.
No cash paid; extinguishes the existing liability entirely.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Interactive Strength, Inc. incurred loan of $500,000 with Berenberg Capital Markets LLC at 5% per annum maturing May 1, 2026.

Instrument: loan
Principal: $500,000
Counterparty: Berenberg Capital Markets LLC
Rate: 5% per annum
Maturity: May 1, 2026
Event: incurrence

Exact text from the filing

On May 1, 2025, the Company and the Recipient entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company and the Recipient agreed to settle the Liability by issuing to the Recipient an unsecured promissory note in the principal amount of $500,000 (the “Settlement Note”). The Settlement Note has a maturity date of May 1, 2026 and accrues interest at a rate of 5% per annum.

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-062783

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