secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001193125-25-309804
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Interactive Strength issues $385K senior secured convertible note and warrants under existing facility
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- Investor exercised Class A Incremental Warrants for a $385,000 principal note maturing Dec 4, 2026.
- Note convertible at $1.914/share (alternate conversion price floor $0.348); conversion capped at 4.99% ownership.
- Issued Class A Incremental Common Warrants for 110,633 shares at $2.941/share, exercisable through Dec 4, 2032.
- Transaction under Jan 28, 2025 securities purchase agreement; prior exercises totaled $10.29M principal.
- Note is senior secured; securities sold under accredited investor exemption (Rule 506).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525309804/0001193125-25-309804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525309804/trnr-20251204.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-309804

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