8-K
filed July 2, 2025, 7:59 PM ET
ticker TRNR
CIK 0001785056
M&A
confidence high
sentiment neutral
materiality 0.70
Interactive Strength closes Wattbike acquisition, effects 1-for-10 reverse stock split, issues Series E Preferred
Interactive Strength, Inc.
- Reverse stock split 1-for-10 effective June 26; shares outstanding reduced from 14,091,197 to 1,409,047.
- Series E Convertible Preferred Stock (1.3M shares) designated and issued on July 1, 2025 for Wattbike acquisition.
- Series E Preferred has $2.00 per share Original Issue Price, mandatory conversion on June 15, 2026, subject to Nasdaq limitations.
- No fractional shares; cash paid for fractions. Trading symbol TRNR unchanged; new CUSIP 45840Y401.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Interactive Strength, Inc.: Approved Certificate of Designation creating Series E Convertible Preferred Stock with no voting rights and mandatory conversion on June 15, 2026, subject to Nasdaq limitations (effective 2025-06-26).
- Change
- charter amendment
- Effective
- 2025-06-26
Exact text from the filing
On June 26, 2025, the Board of Directors of the Company approved the Certificate of Designations of Series E Convertible Preferred Stock of Interactive Strength Inc. (the "Series E Certificate"). The Series E Certificate was filed by the Company with the Secretary of State of the State of Delaware on June 26, 2025.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Interactive Strength, Inc.: Filed Certificate of Amendment to effect a 1-for-10 reverse stock split, effective June 26, 2025 (effective 2025-06-26).
- Change
- charter amendment
- Effective
- 2025-06-26
Exact text from the filing
On June 26, 2025, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "Charter Amendment") to the Company's Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company's common stock, $0.0001 par value per share ("Common Stock"), at a rate of 1-for-10 (the "Reverse Stock Split"), effective as of 5:00 p.m. Eastern Time on June 26, 2025.
View on SEC.gov
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