Interactive Strength, Inc. (TRNR): M&A transaction — Interactive Strength closes Ergatta acquisition; $3.5M cash plus Series D preferred stock

Interactive Strength, Inc.

Merger completed on March 11, 2026; Ergatta becomes wholly owned subsidiary.
Total cash consideration of $3.5M: $1.75M at close and $1.75M deferred senior secured note due April 30, 2027.
Ergatta stockholders received Series D1 Preferred stock valued between $5.25M and $9.5M.
Ergatta senior management received equity incentives in Series D2 and D3 Preferred (up to $2M and $1M, respectively).
Additional milestone-based consideration may be payable as previously disclosed.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Interactive Strength, Inc. completed an acquisition involving Ergatta, Inc. for cash consideration of $3,500,000 (closed 2026-03-11).

Action: acquisition
Counterparty: Ergatta, Inc.
Consideration: cash consideration of $3,500,000
Closing: 2026-03-11

Exact text from the filing

share of preferred stock of Ergatta (other than excluded and dissenting shares) held by Ergatta’s stockholders was cancelled, in exchange for: (i) cash consideration of $3,500,000 paid to Ergatta's stockholders, consisting of: (a) $1,750,000 paid on the Closing Date (subject to adjustments pursuant to the terms of the Merger Agreement); and (b) $1,750,000

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-108367

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