secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001193125-25-317646
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 2.04, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TRNR defaults on DWF convertible notes; delivers 82.97M FET tokens and issues $4.5M remainder note
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/0001193125-25-317646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000119312525317646/trnr-20251208.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-317646

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