debt
confidence high
sentiment neutral
materiality 0.60
Interactive Strength issues $2M convertible note, warrants for 305,810 shares
Interactive Strength, Inc.
- Investor exercises Class B Incremental Warrants for $2M principal note due July 21, 2027.
- Note convertible at $3.597/share; alternate conversion price floor $0.6148.
- Issued Class B Incremental Common Warrants to buy 305,810 shares at $5.527/share, expiring July 21, 2033.
- Beneficial ownership blocker set at 4.99% (or 9.99% at investor's option).
- Securities sold in unregistered offering to accredited investor under Rule 506(b).