secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2026-10-13T20:15:31+00:00
Accession:  0001193125-26-420445
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 1.02, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000119312526420445/0001193125-26-420445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000119312526420445/trnr-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-420445

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer