Interactive Strength raises $290k via convertible note and warrant exercise by accredited investor

Interactive Strength, Inc.

Investor exercised Class A Incremental Warrants for $290k principal of senior secured convertible notes due Aug 26, 2028.
Conversion price for notes set at $5.135 per share; notes convertible into shares at 110% of principal plus accrued amounts.
Investor received 31,061 Class A Incremental Common Warrants with exercise price $7.89/share, expiring Aug 26, 2032.
Beneficial ownership cap of 4.99% (or 9.99% at investor's option) applies to conversion and warrant exercise.
This is the third draw under the January 2025 securities purchase agreement; prior draws were $4M and $3M.

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