---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-002608"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:41:27.814215+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength exchanges $225K note principal for 150K shares; $222K warrant exercise

## Summary
- Exchange Agreement reduces New Note principal from $2.146M to $1.921M by issuing 150K common shares at $1.50/share.
- Investor exercises Class A Incremental Warrants for $222K note; receives warrants to buy 93,277 common shares.
- New Note maturity Dec 30, 2026; convertible at 110% of principal plus interest at $1.309/share conversion price.
- Class A Incremental Common Warrants exercisable at $2.011/share through Dec 30, 2032.
- As of Jan 5, 2026, company had 3,046,762 common shares outstanding; securities issued under exemptions.

## SEC filing metadata
- accession: 0001193125-26-002608
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000119312526002608/0001193125-26-002608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000119312526002608/trnr-20251229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-002608
- JSON: https://secwatch.observer/filing/0001193125-26-002608.json
- Plain text: https://secwatch.observer/filing/0001193125-26-002608.txt

## Key facts
- Debt Financings
  Interactive Strength, Inc. incurred senior notes of $222,000 with an accredited investor maturing December 30, 2026.
  - Instrument: senior notes
  - Principal: $222,000
  - Counterparty: an accredited investor
  - Maturity: December 30, 2026
  - Event: incurrence
  source text: On December 30, 2025, the Investor elected to exercise Class A Incremental Warrants (the “Warrant Exercise”) to purchase a Class A Incremental Note for a principal amount of $222,000 (the “Class A Incremental Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000119312526002608/0001193125-26-002608-index.htm
- Material Agreements
  Interactive Strength, Inc. entered into Exchange Agreement with an investor (the "Buyer") valued at $225,000 (effective 2025-12-29).
  - Action: entry
  - Counterparty: an investor (the "Buyer")
  - Value: $225,000
  - Effective: 2025-12-29
  source text: On December 29, 2025, the Company and the Buyer entered into that certain Exchange Agreement (the “Exchange Agreement”), pursuant to which the Company and the Buyer agreed to reduce the principal amount of the New Note by $225,000 in exchange for the issuance of 150,000 shares (the “Exchange Shares”) of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000119312526002608/0001193125-26-002608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.