Interactive Strength, Inc. (TRNR): debt financing — Interactive Strength exchanges Woodway Note for $2.17M new note, cancels warrants

Interactive Strength, Inc.

Exchanged $3.1M Woodway Note for new $2,174,866.67 Incremental Note due Jan 30, 2026.
New note bears 12% annual interest, convertible at $5.50/share or alternate conversion price.
Class B Incremental Warrants for $2,174,866.67 principal were canceled in connection with exchange.
Exchange executed under Section 3(a)(9) Securities Act exemption; investor is affiliated entity TR Opportunities.
Maturity of Jan 30, 2026; alternate conversion price may be as low as 85% of VWAP during event of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Interactive Strength, Inc. incurred convertible notes of $2,174,866.67 with the Note Holder at 12% per annum maturing January 30, 2026.

Instrument: convertible notes
Principal: $2,174,866.67
Counterparty: the Note Holder
Rate: 12% per annum
Maturity: January 30, 2026
Event: incurrence

Exact text from the filing

the Company exchanged the Woodway Note for an Incremental Note in an aggregate principal amount of $2,174,866.67 (the “Exchange Note”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Interactive Strength, Inc. issued convertible note to Note Holder.

Security: convertible note
Purchaser: Note Holder

Exact text from the filing

The Exchange Note was offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) or, in the event of an issuance of the Exchange Note Conversion Shares on a cashless basis, pursuant to the exemption provided in Section 3(a)(9) under the Securities Act.

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10 debt financings filed in the last 30 days. Browse all debt financings →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-228627

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