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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304 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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