Interactive Strength, Inc. (TRNR): debt financing — 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.

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 convertible notes of $725,000 with S Interactive LLC. at fifteen percent (15.0%) per annum maturing June 4, 2027.

Instrument: convertible notes
Principal: $725,000
Counterparty: S Interactive LLC.
Rate: fifteen percent (15.0%) per annum
Maturity: June 4, 2027
Event: incurrence

Exact text from the filing

On June 4, 2025, Interactive Strength Inc. (the “Company”) issued a convertible promissory note in the principal amount of $725,000 (the “Note”) to S Interactive LLC. (the “Holder”).

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

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-084290

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