---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-021272"
form_type: "8-K"
ticker: "TRNR"
cik: "0001785056"
company_name: "Interactive Strength, Inc."
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:28:12.382020+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Interactive Strength issues 2.1M shares upon conversion of $1.57M note; outstanding now 5.25M

## Summary
- $1,574,867 principal of Incremental Note converted into 2,110,901 shares of common stock on Jan 16, 2026.
- Conversion was by TR Opportunities II LLC, the current holder of the Amended and Restated Note.
- Issuance exempt from registration under Section 3(a)(9) as an exchange with existing holder; no commission paid.
- Post-conversion common shares outstanding total 5,253,081, reflecting significant dilution.
- The converted principal amount is approximately 72% of the $2,174,867 Incremental Note balance.

## SEC filing metadata
- accession: 0001193125-26-021272
- form_type: 8-K
- ticker: TRNR
- cik: 0001785056
- company_name: Interactive Strength, Inc.
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785056/000119312526021272/0001193125-26-021272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785056/000119312526021272/trnr-20260116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-021272
- JSON: https://secwatch.observer/filing/0001193125-26-021272.json
- Plain text: https://secwatch.observer/filing/0001193125-26-021272.txt

## Key facts
- Equity Issuances
  Interactive Strength, Inc. issued 2,110,901 shares of Common Stock of convertible note to TR Opportunities II LLC for reduction of $1,574,867 of principal amount of Incremental Note.
  - Security: convertible note
  - Shares: 2,110,901 shares of Common Stock
  - Purchaser: TR Opportunities II LLC
  - Consideration: reduction of $1,574,867 of principal amount of Incremental Note
  source text: On January 16, 2026, the Current Holder delivered several notices of conversion to convert $[1,574,867] of the principal amount of the Incremental Note into a total of 2,110,901 shares of Common Stock (the “Conversion Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785056/000119312526021272/0001193125-26-021272-index.htm

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