secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0000950170-25-077765
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025077765/0000950170-25-077765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025077765/trnr-20250521.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-077765

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer