secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001193125-25-232027
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Interactive Strength issues $1M convertible note; investor receives 142,857 warrants
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- On Oct 3, 2025, an accredited investor exercised Class A warrants to purchase a $1M senior secured convertible note.
- Note matures Oct 3, 2026; convertible at $3.85/share (alternate conversion floor price $0.6872).
- Investor also received Class A Common Warrants for 142,857 shares at $5.916/share, expiring Oct 3, 2032.
- Conversion/exercise blocked if beneficial ownership exceeds 4.99% (or 9.99% per investor election).
- Stockholder approval previously obtained for up to 10.2M conversion shares and 684,647 warrant shares (post-reverse split).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525232027/0001193125-25-232027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525232027/trnr-20251003.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-232027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer