Interactive Strength creates Series LTI Convertible Preferred Stock for officers and directors

Interactive Strength, Inc.

5,000,000 shares designated as Series LTI Convertible Preferred Stock; Original Issue Price $2.00 per share.
Conversion Price $1.06 per share; convertible at holder's option from June 6, 2026, subject to Nasdaq approval.
Dividends accrue at 10% of Original Issue Price compounded annually, payable only to eligible board members or executives.
Shares have no voting rights; if stockholder approval not obtained by June 6, 2026, company will redeem at Original Issue Price.
Issuable only to certain executive officers and non-executive directors; no public trading market expected.

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