secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0000950170-25-085471
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025085471/0000950170-25-085471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025085471/trnr-20250606.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-085471

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