---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-077765"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:05:54.508274+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength issues $2M promissory note to largest customer Woodway USA with warrant

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-077765
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000095017025077765/0000950170-25-077765-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000095017025077765/trnr-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-077765
- JSON: https://secwatch.observer/filing/0000950170-25-077765.json
- Plain text: https://secwatch.observer/filing/0000950170-25-077765.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000095017025077765/0000950170-25-077765-index.htm

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