Interactive Strength issues $725K convertible note at 15% to S Interactive LLC

Interactive Strength, Inc.

Principal $725K with 10% OID, net proceeds $652,500; matures June 4, 2027.
Interest accrues at 15% per annum, payable in cash or stock at conversion.
Conversion price $1.25 per share into Series A Preferred Stock, exercisable anytime before maturity.
Prepayment requires minimum interest of $217,500 if paid early.
Proceeds used for general corporate purposes; upon default all principal and interest become due.

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