other material
confidence high
sentiment neutral
materiality 0.50
Interactive Strength issues 225,681 Series C Preferred shares to settle $451,361 lender obligation
Interactive Strength, Inc.
- Issued 225,681 Series C Preferred shares at $2.00/share to Vertical Investors as payment of $451,361 Net Trade Value.
- After issuance, Vertical Investors holds 2,848,857 Series C Preferred shares.
- Settlement extinguishes all obligations under Section 2 of the Loss Restoration Agreement.
- Company covenants not to incur additional debt or issue senior preferred without Vertical's consent.