debt
confidence high
sentiment neutral
materiality 0.60
Interactive Strength restructures convertible notes, issues additional $2M note and warrants
Interactive Strength, Inc.
- Global Amendment restructures existing notes with 3-year maturity; conversion price set at 130% of prior closing price.
- Investor exercises $2M incremental warrant; new note convertible at $3.85/share (110% of prior closing).
- Warrants issued for 285,714 shares at $5.916 strike, exercisable through September 2032.
- Prior $3.25M note and $4M incremental note from Jan/Mar 2025 fully converted to common stock.
- $5.71M in Class A Incremental Warrants remain outstanding after this exercise.
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