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.

item 1.01 item 2.03 item 3.02 item 3.03 item 5.02 item 9.01

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

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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”).

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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.

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306 debt financings filed in the last 30 days. Browse all debt financings →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-006397

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