secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0000950170-25-106001
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Interactive Strength settles $1.04M debt, issues stock, lowers conversion price to $5.50
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- Settled $1,040,671 Net Trade Value with Vertical Investors: $649,207 cash plus 195,732 Series C Preferred shares.
- Reduced Loan principal by $330K in exchange for 60,000 common shares at $5.50 each (above Aug 7 close of $4.21).
- Lowered conversion price on $1.9M note from $25.70 to $5.50 for TR Opportunities II LLC via letter agreement.
- Outstanding loan balance now $753,119.63 after the exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025106001/0000950170-25-106001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025106001/trnr-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-106001

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