8-K/A filed September 17, 2025, 7:59 PM ET ticker TRNR CIK 0001785056

M&A confidence high sentiment neutral materiality 0.65

Interactive Strength, Inc. (TRNR): M&A transaction — Interactive Strength acquires Wattbike for $4M; pro forma shows combined net loss of $11.9M for H1 2025

Interactive Strength, Inc.

Purchase price $4.0M: 1.3M Series E Preferred ($2.6M fair value), bridge $0.8M, contingent $0.2M, de minimis cash.
Pro forma combined H1 2025: revenue $11.8M, net loss $11.9M; FY 2024 pro forma: revenue $21.3M, net loss $41.9M.
Wattbike standalone H1 2025: revenue $9.2M, net loss $2.5M; Interactive standalone H1 2025: revenue $2.6M, net loss $8.8M.
Acquisition closed July 1, 2025; Wattbike historical and pro forma financials filed in this 8-K/A.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Interactive Strength, Inc. completed an acquisition involving Wattbike (Holdings) Limited for $4.0 million (closed 2025-07-01).

Action: acquisition
Counterparty: Wattbike (Holdings) Limited
Consideration: $4.0 million
Closing: 2025-07-01

Exact text from the filing

and Loan Notes of Wattbike Holdings Limited (the “Wattbike Agreement”) entered into on April 8, 2025 (the “Acquisition”). The aggregate purchase price for the Acquisition was $4.0 million, which consisted of the issuance of 1.3 million convertible Series E Preferred Stock (the “Series E Convertible Preferred Stock”) with an aggregate fair value of $2.6 million,

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-206325

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