secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-06-10T23:59:59+00:00
Accession:  0000950170-25-084290
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025084290/0000950170-25-084290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025084290/trnr-20250604.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-084290

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