other material
confidence high
sentiment neutral
materiality 0.60
Interactive Strength creates 6.25M shares of Series D preferred stock for Ergatta acquisition
Interactive Strength, Inc.
- Filed Certificate of Designation for Series D1 (4.75M), D2 (1M), and D3 (0.5M) convertible preferred shares.
- Series D preferred shares carry $2.00 original issue price; no voting rights except as required by law.
- Shares will be issued in connection with the closing of the Ergatta, Inc. acquisition.
- Mandatory conversion of D1/D2 on May 3, 2027; D3 on May 1, 2028, subject to Nasdaq and stockholder approval restrictions.
- Failure to obtain stockholder approval may result in automatic redemption of unconverted shares.