8-K
filed January 7, 2026, 6:59 PM ET
ticker TRNR
CIK 0001785056
debt
confidence high
sentiment neutral
materiality 0.60
Interactive Strength, Inc. (TRNR): debt financing — Interactive Strength settles debt, issues equity to Vertical, draws $1.15M from warrant exercise, cancels LTI shares
Interactive Strength, Inc.
- Settled $33,750 Net Trade Value by issuing 16,875 Series C Preferred shares to Vertical Investors.
- Exchanged $156,202 of loan principal for 28,400 common shares at $5.50/share; loan balance now $14,048.
- Investor exercised Class A Incremental Warrants for $1.153M note; received 618,442 common warrants exercisable at $1.5756.
- Board cancelled 1.25M Series LTI Preferred shares previously issued to officers/directors; no consideration paid.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.6
Interactive Strength, Inc. incurred convertible notes of aggregate principal amount of $13,000,000 with accredited investor at Not specified maturing Not specified.
- Instrument
- convertible notes
- Principal
- aggregate principal amount of $13,000,000
- Counterparty
- accredited investor
- Rate
- Not specified
- Maturity
- Not specified
- Event
- incurrence
Exact text from the filing
incremental warrants (the “Class A Incremental Warrants”) to purchase (a) senior secured convertible notes (the “Class A Incremental Notes”) in the aggregate principal amount of $13,000,000 and (b) warrants (the “Class A Incremental Common Warrants”) to purchase shares of Common Stock. The amount of Class A Incremental Common Warrant shares issuable upon exercise of
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.7
Interactive Strength, Inc. issued Class A Incremental Common Warrants to purchase an aggregate of 1,130,713 shares of Common Stock of warrant to accredited investor.
- Security
- warrant
- Shares
- Class A Incremental Common Warrants to purchase an aggregate of 1,130,713 shares of Common Stock
- Purchaser
- accredited investor
Exact text from the filing
As previously disclosed, on eight different dates from March 11, 2025 through December 30, 2025, the Investor elected to exercise Class A Incremental Warrants to purchase Class A Incremental Notes for a total principal amount of $11,157,000 and, as a result, was issued Class A Incremental Common Warrants to purchase an aggregate of 1,130,713 shares of Common Stock.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Interactive Strength, Inc. issued 16,875 shares of preferred stock to Vertical Investors, LLC for payment of the $33,749.81 Net Trade Value.
- Security
- preferred stock
- Shares
- 16,875 shares
- Purchaser
- Vertical Investors, LLC
- Consideration
- payment of the $33,749.81 Net Trade Value
Exact text from the filing
On December 31, 2025, the Company and the Lender entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company issued 16,875 shares (the “Series C Preferred Shares”) of the Company’s Series C Preferred Stock, par value $0.0001 per share (“Series C Preferred Stock”), to the Lender as payment of the $33,749.81 Net Trade Value.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Interactive Strength, Inc. issued 28,400 shares of Common Stock of common stock to Vertical Investors, LLC for a price per Exchange Share of $5.50.
- Security
- common stock
- Shares
- 28,400 shares of Common Stock
- Purchaser
- Vertical Investors, LLC
- Consideration
- a price per Exchange Share of $5.50
Exact text from the filing
On December 31, 2025, the Company and the Lender entered into an Exchange Agreement (the “Exchange Agreement”). Pursuant to the Exchange Agreement, the Company and Lender agreed to reduce the Loan Amount by $156,202 in exchange for the issuance of 28,400 shares of Common Stock (the “Exchange Shares”) to the Lender at a price per Exchange Share of $5.50.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Interactive Strength, Inc. entered into Exchange Agreement with Vertical Investors, LLC (effective 2025-12-31).
- Action
- entry
- Counterparty
- Vertical Investors, LLC
- Effective
- 2025-12-31
Exact text from the filing
(the "Company") entered into a Credit Agreement (the “Credit Agreement”) with Vertical Investors, LLC (the “Lender”), pursuant to which the Company received a term loan from the Lender in the original principal amount of $7,968,977.74 (the “Loan”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Interactive Strength, Inc. entered into Settlement Agreement with Vertical Investors, LLC (effective 2025-12-31).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Vertical Investors, LLC
- Effective
- 2025-12-31
Exact text from the filing
On December 31, 2025, the Company and the Lender entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company issued 16,875 shares (the “Series C Preferred Shares”) of the Company’s Series C Preferred Stock, par value $0.0001 per share (“Series C Preferred Stock”), to the Lender as payment of the $33,749.81 Net Trade Value.
View on SEC.gov
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