Interactive Strength swaps $7.69M debt for Series R preferred; Wattbike refinances up to £2.13M

Interactive Strength, Inc.

Exchanged $7,685,090 of Remainder Notes (principal, interest, other amounts) for 768,509 Series R Preferred shares with $10 stated value; closed Sept 30, 2026.
Series R converts at $2.83/share, equal to about 2.71M common shares; ranks senior to common stock; 4.99% beneficial ownership cap, raisable to 9.99%.
Company had 1,619,907 common shares outstanding as of Sept 30, 2026 and reimbursed holders' counsel $50,000.
Wattbike refinanced prior facility: £625,000 term loan (24 months, £31,389.72/month), £750,000 invoice discounting at NatWest base +2.75%, £750,000 inventory facility at 1.85%/month.
Paid Prior Lender £85,000 exit fee; inventory loans are demand-payable; CEO Trent Ward and Wattbike CEO Stephen Loftus gave personal indemnities.

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