Highest-materiality recent filing
TRNR acquires STEPR for up to $22.7M; raises 2026 pro forma revenue guidance to >$50M
Base consideration $6.7M (cash, debt, equity) plus up to $16M in performance-based equity tied to EBITDA milestones.
Interactive Strength issues 225,681 Series C Preferred shares to settle $451,361 lender obligation
Issued 225,681 Series C Preferred shares at $2.00/share to Vertical Investors as payment of $451,361 Net Trade Value.
Deloitte & Touche dismissed as auditor on June 26, 2026; no disagreements on accounting principles, but prior reports included a going concern explanatory paragraph.
Interactive Strength (TRNR) effects 1-for-7 reverse stock split to regain Nasdaq compliance
Reverse stock split at 1-for-7 effective June 30, 2026; shares reduced from ~3.6M to ~0.5M.
Reverse stock split authorized at ratio range 1:4 to 1:100, to be completed within one year.
Interactive Strength closes Ergatta acquisition for ~$13.3M; pro forma revenue $24M, loss $26M
Total consideration ~$13.3M: $2.1M cash, $1.75M secured note, 4.75M Series D-1 preferred shares (~$7.7M), contingent earnout (est. $1.6M, max $3.5M).
Interactive Strength settles $2.2M debt by issuing 1.1M Series C Preferred shares
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.
Interactive Strength closes Ergatta acquisition; $3.5M cash plus Series D preferred stock
Merger completed on March 11, 2026; Ergatta becomes wholly owned subsidiary.
Interactive Strength creates 6.25M shares of Series D preferred stock for Ergatta acquisition
Filed Certificate of Designation for Series D1 (4.75M), D2 (1M), and D3 (0.5M) convertible preferred shares.
Interactive Strength boosts ATM offering to $6.06 million, prospectus supplement filed
Maximum aggregate offering price under ATM Sales Agreement increased to $6,057,000.
TRNR recovers $6.4M in full settlement of Sportstech loan dispute, ends legal proceedings
Sportstech paid TRNR $6.4M, covering $5.0M loan principal plus interest and expense reimbursement; payment received March 4, 2026.
Interactive Strength (TRNR) executes 1-for-10 reverse stock split, exchanges $400k debt for equity
Reverse stock split effective Feb 24, 2026 at 1-for-10; shares reduced from 17,984,137 to 1,798,406.
TRNR signs definitive agreement to acquire Ergatta; raises 2026 pro forma revenue guidance to >$30M
Acquisition of game-based fitness pioneer Ergatta; max enterprise value $19.5M (50% contingent on 2026 EBITDA).
Interactive Strength issues $690K in convertible notes, warrants for 841K shares in Feb 2026
On Feb 5, 2026, an investor exercised incremental warrants to purchase a $558,687 convertible note and received 681,160 common warrants.
Interactive Strength ups ATM offering capacity to $2.608M; files prospectus supplement
Increased maximum aggregate offering price under H.C. Wainwright ATM agreement to $2,608,000.
Interactive Strength issues 2.1M shares upon conversion of $1.57M note; outstanding now 5.25M
$1,574,867 principal of Incremental Note converted into 2,110,901 shares of common stock on Jan 16, 2026.
Settled $33,750 Net Trade Value by issuing 16,875 Series C Preferred shares to Vertical Investors.
Interactive Strength exchanges $225K note principal for 150K shares; $222K warrant exercise
Exchange Agreement reduces New Note principal from $2.146M to $1.921M by issuing 150K common shares at $1.50/share.
Interactive Strength receives $260K from warrant exercise, issues convertible note and warrants
Investor exercises Class A Incremental Warrants to purchase $260,000 principal Class A Incremental Note due Dec 17, 2026.
TRNR defaults on DWF convertible notes; delivers 82.97M FET tokens and issues $4.5M remainder note
DWF accelerated $50M June 2025 notes after FET price drop; Liquidation Netting triggered.
Investor exercised Class A Incremental Warrants for a $385,000 principal note maturing Dec 4, 2026.
Interactive Strength extends maturity of $2.17M convertible note to Sep 2027
Maturity of Exchange Note (principal $2,174,866.67) extended from Jan 30, 2026 to Sep 26, 2027.
TRNR reports Q3 record revenue $4.8M (+139% YoY); reiterates $80M+ pro forma guidance
Q3 net loss $5.2M, diluted EPS -$3.11; adjusted EBITDA loss $2.9M.
Interactive Strength CFO Michael Madigan resigns; Caleb Morgret named CFO effective Nov 15, 2025
CFO Michael J. Madigan resigned effective Nov 14, 2025; no disagreement with company operations.
Interactive Strength issues $1M convertible note; investor receives 142,857 warrants
On Oct 3, 2025, an accredited investor exercised Class A warrants to purchase a $1M senior secured convertible note.
Interactive Strength exchanges Woodway Note for $2.17M new note, cancels warrants
Exchanged $3.1M Woodway Note for new $2,174,866.67 Incremental Note due Jan 30, 2026.
Aaron N.D. Weaver elected as Class II director with 128,273 votes for.
Interactive Strength restructures convertible notes, issues additional $2M note and warrants
Global Amendment restructures existing notes with 3-year maturity; conversion price set at 130% of prior closing price.
Purchase price $4.0M: 1.3M Series E Preferred ($2.6M fair value), bridge $0.8M, contingent $0.2M, de minimis cash.
Interactive Strength raises $290k via convertible note and warrant exercise by accredited investor
Investor exercised Class A Incremental Warrants for $290k principal of senior secured convertible notes due Aug 26, 2028.
Interactive Strength Q2 rev $1.2M, net loss $2.2M; raises 2025 pro forma guidance to >$80M
Revenue $1.2M, net loss $2.2M ($2.13/sh); Adjusted EBITDA loss $1.7M, improving 40% YoY.
Interactive Strength settles $1.04M debt, issues stock, lowers conversion price to $5.50
Settled $1,040,671 Net Trade Value with Vertical Investors: $649,207 cash plus 195,732 Series C Preferred shares.
Interactive Strength issues $3M convertible notes, 304K warrants; annual meeting Sept 26
Investor exercised Class A Incremental Warrants for $3M principal of senior secured convertible notes due July 25, 2028.
Interactive Strength induces warrant exercise of 18,450 shares at reduced price of $5.42 per share
On July 7, 2025, Interactive Strength entered an inducement letter with TR Opportunities I LLC to exercise 18,450 warrants.
Closed acquisition of Wattbike (Holdings) Limited on July 1, 2025.
Reverse stock split 1-for-10 effective June 26; shares outstanding reduced from 14,091,197 to 1,409,047.
Benjamin Bartlett appointed COO and President effective June 14, 2025; co-founder returns from advisor role.
Interactive Strength creates Series LTI Convertible Preferred Stock for officers and directors
5,000,000 shares designated as Series LTI Convertible Preferred Stock; Original Issue Price $2.00 per share.
Initial $55.5M principal convertible notes (10% OID, 12% interest) issued to ATW Partners and DWF Labs; net $50M proceeds.
Interactive Strength issues $725K convertible note at 15% to S Interactive LLC
Principal $725K with 10% OID, net proceeds $652,500; matures June 4, 2027.
Interactive Strength issues ~69k preferred shares as in-kind dividend
Issued 47,332 Series A preferred shares as dividend on June 3, 2025.
Interactive Strength increases loan to Sportstech to $5.6M; adds $3.35M facility
Original $2.25M loan fully disbursed; new $3.35M tranche (Loan Facility B) extends total to $5.6M.
Interactive Strength issues $2M promissory note to largest customer Woodway USA with warrant
Unsecured note with original issue discount of 10% ($1.8M purchase price), 15% interest, due May 21, 2027.
Interactive Strength Q1 revenue $1.4M (4x YoY), raises 2025 guidance to >$75M
Revenue $1.4 million, up nearly 4x from prior-year period; net loss $6.6M ($1.74 per share) vs $11.4M loss a year ago.
Interactive Strength settles $500k advisory fee with unsecured promissory note to Berenberg
Settled $500,000 liability owed to Berenberg Capital Markets for IPO advisory services.
Interactive Strength issues ~128K preferred shares as in-kind dividend on Series A and C
Declared dividend in kind: 81,464 Series A Preferred shares issued on April 17, 2025.
Interactive Strength cuts convertible note conversion price to $1.10 from $2.57
Amended convertible note with ~$1.9M principal held by TR Opportunities II LLC.
Interactive Strength signs binding deal to acquire Wattbike for £1 plus stock earn-out
Acquires all shares of Wattbike for £1; noteholders receive Series E Preferred stock convertible to common by June 15, 2026.
Interactive issued 1,188,571 Series C Preferred shares at $2.00 each to settle $2,377,141.75 owed under Loan Restoration Agreement.
Q4 2024 revenue of $2.4M met guidance; full-year revenue $5.4M.
On June 14, 2025, the Board appointed Benjamin Bartlett as the Company’s Chief Operating Officer and President.
On April 26, 2024, the Board of Directors (the “Board”) of Interactive Strength Inc. (the "Company") appointed David Leis as a member of the Board.
Max materiality 0.90 · Median 0.60 · Most common event debt