{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-317646","form_type":"8-K","ticker":"TRNR","cik":"0001785056","company_name":"Interactive Strength, Inc.","filed_at":"2025-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.449179+00:00","generated_at":"2026-05-16T13:22:35.056679+00:00","sec_items":["1.01","2.03","2.04","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TRNR defaults on DWF convertible notes; delivers 82.97M FET tokens and issues $4.5M remainder note","bullets":["DWF accelerated $50M June 2025 notes after FET price drop; Liquidation Netting triggered.","Borrowers delivered 82,972,910 FET tokens; issued $4.5M convertible remainder note due Dec 2026.","Vertical Investors loan cut by $632,500 via 115,000 shares at $5.50; remaining balance $170,250.","Backstop Agreement with FET entity terminated.","Pro forma shares outstanding: 2,709,336 as of Dec 11, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-317646","json":"https://secwatch.observer/filing/0001193125-25-317646.json","markdown":"https://secwatch.observer/filing/0001193125-25-317646.md","text":"https://secwatch.observer/filing/0001193125-25-317646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/trnr-20251208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:22:35.056679+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"048b70fa4aac7be0f70461752358f3fb98fbf635","claim":"Interactive Strength, Inc. faced acceleration on senior notes of $55,555,555 with DWF.","evidence_excerpt":"pursuant to which the Borrowers agreed to sell for $50 million, senior secured convertible exchangeable notes issued by the Borrowers in the aggregate principal amount of $55,555,555 (the “Note”), which is both (a) convertible into shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”) and (b) exchangeable into the utility tokens","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$55,555,555"},{"label":"Counterparty","value":"DWF"},{"label":"Event","value":"acceleration"}]},{"claim_id":"2eaec9dd8ab9c1d7af9889a97d63ac1c506e47d2","claim":"Interactive Strength, Inc. incurred debt of $4.5 million with DWF maturing one year from the date of issuance.","evidence_excerpt":"the Borrowers shall issue to DWF a Remainder Note in the amount of $4.5 million (the “Remainder Note”) as payment in full of the remaining principal amount as a result of the Final Netting Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$4.5 million"},{"label":"Counterparty","value":"DWF"},{"label":"Maturity","value":"one year from the date of issuance"},{"label":"Event","value":"incurrence"}]},{"claim_id":"5caa6a920f6a51496f422f1222525d9e4c3c4beb","claim":"Interactive Strength, Inc. incurred debt of $3.0 million with ATW.","evidence_excerpt":"An unsecured Remainder Note (as defined in the Master Netting Agreement) in the amount of $3.0 million was issued to ATW to account for the reduction in principal amount as a result of the Netting provisions.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$3.0 million"},{"label":"Counterparty","value":"ATW"},{"label":"Event","value":"incurrence"}]},{"claim_id":"bff9f20439562162dbdfcdbe9169bb7bc6643cdb","claim":"Interactive Strength, Inc. amended loan of $802,750 with Vertical Investors, LLC.","evidence_excerpt":"8, 2025, the outstanding principal amount of the Loan was reduced to $753,119.63. As of December 5, 2025, the outstanding principal amount and accrued interest of the Loan was $802,750 (the \"Loan Amount\"). On December 8, 2025, the Company and the Lender entered into an Exchange Agreement (the “Exchange Agreement”). Pursuant to the Exchange Agreement, the Company","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$802,750"},{"label":"Counterparty","value":"Vertical Investors, LLC"},{"label":"Event","value":"amendment"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}