secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2026-04-03T23:59:59+00:00
Accession:  0001193125-26-142081
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000119312526142081/0001193125-26-142081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000119312526142081/trnr-20260331.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-142081

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