debt
confidence high
sentiment neutral
materiality 0.50
Interactive Strength increases loan to Sportstech to $5.6M; adds $3.35M facility
Interactive Strength, Inc.
- Original $2.25M loan fully disbursed; new $3.35M tranche (Loan Facility B) extends total to $5.6M.
- Loan Facility B carries 10% annual interest and a 10% discount; minimum draw $250k, must be fully drawn by July 30, 2025.
- Borrower may extend term 5 months to Dec 30, 2025, subject to no default and extension fee as per fee letter.
- Loan is for Sportstech's general corporate purposes; existing transaction security (share pledge, guarantee) continues.
item 1.01item 9.01