---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-206325"
form_type: "8-K/A"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2025-09-17T23:59:59+00:00"
generated_at: "2026-05-17T06:23:08.540996+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength acquires Wattbike for $4M; pro forma shows combined net loss of $11.9M for H1 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-206325
- form_type: 8-K/A
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2025-09-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000119312525206325/0001193125-25-206325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000119312525206325/trnr-20250701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-206325
- JSON: https://secwatch.observer/filing/0001193125-25-206325.json
- Plain text: https://secwatch.observer/filing/0001193125-25-206325.txt

## Key facts
- M&A Transactions
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000119312525206325/0001193125-25-206325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.