Interactive Strength settles $2.2M debt by issuing 1.1M Series C Preferred shares

Interactive Strength, Inc.

Issued 1,088,255 Series C Preferred shares at $2.00/share to Vertical Investors to settle $2,176,509 Net Trade Value owed under Loss Restoration Agreement.
Total Loan Exchanged Amount was ~$8.74M; Net Trade Value calculated at $2.18M as of March 31, 2026.
Vertical now holds 2,623,176 shares of Series C Preferred stock after this issuance.
Settlement extinguishes all obligations under Section 2 of Loss Restoration Agreement and imposes covenants restricting new debt or senior securities without Vertical's consent.
Shares issued in unregistered transaction exempt under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Interactive Strength, Inc. issued 1,088,255 shares of preferred stock to Vertical Investors, LLC for payment of the $2,176,509 Net Trade Value.

Security: preferred stock
Shares: 1,088,255 shares
Purchaser: Vertical Investors, LLC
Consideration: payment of the $2,176,509 Net Trade Value

Exact text from the filing

On March 31, 2026, the Company and the Lender entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company issued 1,088,255 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 $2,176,509 Net Trade Value.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Interactive Strength, Inc. entered into Settlement Agreement with Vertical Investors, LLC valued at Issued 1,088,255 shares of Series C Preferred Stock as payment of $2,176,509 Net Trade Value (effective 2026-03-31).

Action: entry
Agreement: settlement
Counterparty: Vertical Investors, LLC
Value: Issued 1,088,255 shares of Series C Preferred Stock as payment of $2,176,509 Net Trade Value
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, the Company and the Lender entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company issued 1,088,255 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 $2,176,509 Net Trade Value.

View on SEC.gov

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-142081

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