secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-08-27T23:59:59+00:00
Accession:  0000950170-25-111723
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025111723/0000950170-25-111723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017025111723/trnr-20250826.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-111723

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