Interactive Strength, Inc. (TRNR): debt financing — Interactive Strength issues $2M promissory note to largest customer Woodway USA with warrant

Interactive Strength, Inc.

Unsecured note with original issue discount of 10% ($1.8M purchase price), 15% interest, due May 21, 2027.
Warrant issued to purchase 400,000 shares at $1.25 per share, exercisable until May 21, 2035.
Prepayment penalty applies if total interest paid is less than $600,000.
Warrant contains 4.99% beneficial ownership limitation; issued under Regulation D to accredited investor.

item 1.01 item 2.03 item 3.02 item 9.01

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 $2,000,000 with Woodway USA, Inc. at 15.0% per annum maturing May 21, 2027.

Instrument: loan
Principal: $2,000,000
Counterparty: Woodway USA, Inc.
Rate: 15.0% per annum
Maturity: May 21, 2027
Event: incurrence

Exact text from the filing

On May 21, 2025, Interactive Strength Inc. (the “Company”) issued an unsecured promissory note in the principal amount of $2,000,000 (the “Note”) to Woodway USA, Inc.

View on SEC.gov

73 debt financings filed in the last 30 days. Browse all debt financings →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-077765

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.