secwatch / observer

Interactive Strength, Inc. — fact timeline

Source-grounded facts extracted from Interactive Strength, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TRNR Interactive Strength, Inc. JSON
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $1,000,000 maturing October 3, 2026.

“On October 3, 2025, the Investor elected to exercise Class A Incremental Warrants (the “Warrant Exercise”) to purchase a Class A Incremental Note for a principal amount of $1,000,000 (the “Class A Incremental Note”) and, as a result, was issued Class A Incremental Common Warrants to purchase an aggregate 142,857 shares of Common Stock.”
Equity Issuances

Interactive Strength, Inc. issued convertible note to Note Holder.

“The Exchange Note was offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) or, in the event of an issuance of the Exchange Note Conversion Shares on a cashless basis, pursuant to the exemption provided in Section 3(a)(9) under the Securities Act.”
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $2,174,866.67 with the Note Holder at 12% per annum maturing January 30, 2026.

“the Company exchanged the Woodway Note for an Incremental Note in an aggregate principal amount of $2,174,866.67 (the “Exchange Note”).”
Equity Issuances

Interactive Strength, Inc. issued 285,714 shares of Common Stock of warrant to an accredited investor.

“and, as a result, was issued Class A Incremental Common Warrants to purchase an aggregate 285,714 shares of Common Stock”
Equity Issuances

Interactive Strength, Inc. issued convertible note to an accredited investor for aggregate principal amount of $2,000,000.

“On September 18, 2025, the Investor elected to exercise Class A Incremental Warrants (the “Warrant Exercise”) to purchase Class A Incremental Notes for an aggregate principal amount of $2,000,000”
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $2,000,000 maturing September 18, 2026.

“On September 18, 2025, the Investor elected to exercise Class A Incremental Warrants (the “Warrant Exercise”) to purchase Class A Incremental Notes for an aggregate principal amount of $2,000,000”
M&A Transactions

Interactive Strength, Inc. completed an acquisition involving Wattbike (Holdings) Limited for $4.0 million (closed 2025-07-01).

“and Loan Notes of Wattbike Holdings Limited (the “Wattbike Agreement”) entered into on April 8, 2025 (the “Acquisition”). The aggregate purchase price for the Acquisition was $4.0 million, which consisted of the issuance of 1.3 million convertible Series E Preferred Stock (the “Series E Convertible Preferred Stock”) with an aggregate fair value of $2.6 million,”
Debt Financings

Interactive Strength, Inc. incurred senior notes of aggregate principal amount of $3,000,000 with an accredited investor maturing July 25, 2028.

“On July 25, 2025, the Investor elected to exercise Class A Incremental Warrants (the “Warrant Exercise”) to purchase Class A Incremental Notes for an aggregate principal amount of $3,000,000”
Governance Changes

Interactive Strength, Inc.: Approved Certificate of Designation creating Series E Convertible Preferred Stock with no voting rights and mandatory conversion on June 15, 2026, subject to Nasdaq limitations (effective 2025-06-26).

“On June 26, 2025, the Board of Directors of the Company approved the Certificate of Designations of Series E Convertible Preferred Stock of Interactive Strength Inc. (the "Series E Certificate"). The Series E Certificate was filed by the Company with the Secretary of State of the State of Delaware on June 26, 2025.”
Governance Changes

Interactive Strength, Inc.: Filed Certificate of Amendment to effect a 1-for-10 reverse stock split, effective June 26, 2025 (effective 2025-06-26).

“On June 26, 2025, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "Charter Amendment") to the Company's Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company's common stock, $0.0001 par value per share ("Common Stock"), at a rate of 1-for-10 (the "Reverse Stock Split"), effective as of 5:00 p.m. Eastern Time on June 26, 2025.”

Benjamin Bartlett was appointed as Chief Operating Officer and President at Interactive Strength, Inc..

“On June 14, 2025, the Board appointed Benjamin Bartlett as the Company’s Chief Operating Officer and President.”
Governance Changes

Interactive Strength, Inc.: Filed Certificate of Designation of Series LTI Convertible Preferred Stock, designating 5,000,000 shares of preferred stock as Series LTI Convertible Preferred Stock with specified conversion, dividend, and redemption terms (effective 2025-06-06).

“Interactive Strength Inc. (the “Company”) filed the Certificate of Designation of Series LTI Convertible Preferred Stock of Interactive Strength Inc. (the “LTI Certificate”) with the Secretary of State of the State of Delaware on June 6, 2025.”
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $55,555,555 aggregate principal amount of Initial Notes, with an option for additional notes up to $444,444,445 with ATW Partners and DWF Labs at 12% per annum, subject to adjustment maturing 18 months from issuance.

“On June 10, 2025, Interactive Strength Inc. (the “Company”) and its wholly-owned subsidiary, Interactive Strength Treasury LLC (the “Treasury Subsidiary”), entered into that certain securities purchase agreement (the “Purchase Agreement”) with an entity affiliated with ATW Partners and an entity affiliated with DWF Labs (collectively, the “Investors”). Pursuant to the Purchase Agreement, the Company and the Treasury Subsidiary (collectively, the “Borrowers”) have agreed to sell, and the Investors have agreed to purchase, for $50 million (the “Initial Purchase Price”), senior secured convertible exchangeable notes issued by the Borrowers (the “Initial Notes”) in the aggregate principal amount of $55,555,555”
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $725,000 with S Interactive LLC. at fifteen percent (15.0%) per annum maturing June 4, 2027.

“On June 4, 2025, Interactive Strength Inc. (the “Company”) issued a convertible promissory note in the principal amount of $725,000 (the “Note”) to S Interactive LLC. (the “Holder”).”
Debt Financings

Interactive Strength, Inc. incurred loan of $2,000,000 with Woodway USA, Inc. at 15.0% per annum maturing May 21, 2027.

“On May 21, 2025, Interactive Strength Inc. (the “Company”) issued an unsecured promissory note in the principal amount of $2,000,000 (the “Note”) to Woodway USA, Inc.”
Debt Financings

Interactive Strength, Inc. incurred loan of $500,000 with Berenberg Capital Markets LLC at 5% per annum maturing May 1, 2026.

“On May 1, 2025, the Company and the Recipient entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company and the Recipient agreed to settle the Liability by issuing to the Recipient an unsecured promissory note in the principal amount of $500,000 (the “Settlement Note”). The Settlement Note has a maturity date of May 1, 2026 and accrues interest at a rate of 5% per annum.”
Debt Financings

Interactive Strength, Inc. incurred convertible notes of $4,000,000 at 12% per annum maturing January 24, 2028.

“On March 11, 2025, the Investor elected to exercise the Class A Incremental Warrants (the “Warrant Exercise”) to purchase the Class A Incremental Notes for an aggregate principal amount of $4,000,000”
Debt Financings

Interactive Strength, Inc. incurred loan of $3,958,985.85 with Pillsbury Winthrop Shaw Pittman LLP at 12% per annum maturing October 15, 2025.

“On March 5, 2025, the Company and the Recipient entered into a Settlement Agreement (the “Settlement Agreement”), pursuant to which the Company and the Recipient agreed to settle the Liability by issuing to the Recipient an unsecured promissory note in the principal amount of $3,958,985.85 (the “Settlement Note”). The Settlement Note has a maturity date of October 15, 2025 and accrues interest at a rate of 12% per annum.”
Debt Financings

Interactive Strength, Inc. incurred debt of $362,350 with Investor at 5% per annum maturing April 4, 2025.

“• Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from time to time as set forth in the Exchange Notes. The maturity date of Exchange Note 1 and”
Debt Financings

Interactive Strength, Inc. incurred debt of $371,813 with Investor at 5% per annum maturing April 4, 2025.

“• Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from time to time as set forth in the Exchange”
Debt Financings

Interactive Strength, Inc. incurred debt of $274,281 with Investor at 5% per annum maturing May 5, 2025.

“amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate of 5% per annum, subject to adjustment from”
Debt Financings

Interactive Strength, Inc. incurred debt of $1,552,067 with Investor at 5% per annum maturing April 4, 2025.

“Description of the Exchange Notes The principal amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount: $362,350 The Exchange Notes accrue interest at a rate”
Debt Financings

Interactive Strength, Inc. incurred debt of $2,819,830 with Investor at 5% per annum maturing May 5, 2025.

“and Note 5 was exchanged for “Exchange Note 5”. Description of the Exchange Notes The principal amounts of the Exchange Notes are as follows: • Exchange Note 1 principal amount: $2,819,830 • Exchange Note 2 principal amount: $1,552,067 • Exchange Note 3 principal amount: $274,281 • Exchange Note 4 principal amount: $371,813 • Exchange Note 5 principal amount:”
Governance Changes

Interactive Strength, Inc.: Amended conversion price of Series C Convertible Preferred Stock from $1.00 to $3.25 per share (effective 2025-01-16).

“On January 16, 2025, the Company filed a Certificate of Amendment (the “CoD Amendment”) to the Company’s Certificate of Designation of Series C Convertible Preferred Stock (“Series C”) with the Secretary of State of the State of Delaware to amend the conversion price of the Series C from $1.00 to $3.25 per share.”
Governance Changes

Interactive Strength, Inc.: Amended Certificate of Designation of Series B Convertible Preferred Stock to delete mandatory conversion provision, add voluntary conversion, and clarify conversion price of $32.827 per share (effective 2024-12-10).

“On December 10, 2024, Interactive Strength Inc., a Delaware corporation (the “Company”), filed a Certificate of Amendment (the “CoD Amendment”) to the Company’s Certificate of Designation of Series B Convertible Preferred Stock (“Series B”) with the Secretary of State of the State of Delaware to delete the mandatory conversion provision and to add a provision allowing the holders of Series B to voluntarily convert the shares of Series B that they hold. The CoD Amendment also clarifies that the conversion price of the Series B is $32.827 per share. The CoD Amendment became effective with the Secretary of State of the State of Delaware upon filing.”
Governance Changes

Interactive Strength, Inc.: Filed a Certificate of Amendment to reduce the conversion price of Series A Convertible Preferred Stock from $0.7501 to $0.0702 (effective 2024-11-08).

“On November 8, 2024, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "CoD Amendment") to the Company’s Certificate of Designation of Series A Convertible Preferred Stock ("Series A") with the Secretary of State of the State of Delaware to reduce the conversion price of Series A from $0.7501 to $0.0702. The Certificate of Amendment became effective with the Secretary of State of the State of Delaware upon filing.”
Governance Changes

Interactive Strength, Inc.: Filed a Certificate of Amendment to effect a 1-for-100 reverse stock split of common stock (effective 2024-11-11).

“On November 8, 2024, Interactive Strength Inc., a Delaware corporation (the "Company"), filed a Certificate of Amendment (the "Charter Amendment") to the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s common stock, $0.0001 par value per share ("Common Stock"), at a rate of 1-for-100 (the "Reverse Stock Split"), effective as of 9:00 a.m. Eastern Time on November 11, 2024.”

David Leis was appointed as Director at Interactive Strength, Inc..

“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.”
Material Agreements

Interactive Strength, Inc. entered into Loan Restoration Agreement with Vertical Investors, LLC (effective 2024-04-24).

“(the "Company") entered into a Credit Agreement (the “Credit Agreement”) with Vertical Investors, LLC (the “Lender”), pursuant to which the Company received a term loan from the Lender in the original principal amount of $7,968,977.74 (the “Loan”).”
Material Agreements

Interactive Strength, Inc. amended Loan Modification Agreement with Vertical Investors, LLC (effective 2024-04-24).

“On April 24, 2024 (the “Effective Date”), the Company entered into a Loan Modification Agreement with the Lender (the “Modification Agreement”).”
M&A Transactions

Interactive Strength, Inc. completed an acquisition involving CLMBR, Inc and CLMBR1, LLC (closed 2024-02-02).

“On February 2, 2024, pursuant to the Asset Purchase Agreement, the Buyer completed the acquisition of the Company.”
Earnings Releases

Interactive Strength, Inc. reported the fourth and year ended December 31, 2023 results: net income $11.4 million, EPS $0.80 per diluted share. Guidance reaffirmed.

“Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results Net Loss and Earnings per Diluted Share of $11.4 million and $0.80 Adjusted EBITDA was a $3.5 million loss, a $5.5 million improvement versus fourth quarter of 2022 The Company confirms it expects to be run-rate Adjusted EBITDA positive as early as the fourth quarter of 2024”
Material Agreements

Interactive Strength, Inc. entered into Exclusive Distribution Agreement with WOODWAY USA, INC. valued at up to approximately $7 million in net revenue from sale of 2,150 units; warrant to purchase 800,000 (effective 2024-02-20).

“On February 20, 2024, Interactive Strength Inc., a Delaware corporation (the “Company”), entered into an Exclusive Distribution Agreement (the “Distribution Agreement”) with WOODWAY USA, INC. (the “Distributor”), a Wisconsin corporation, pursuant to which the Company granted to the Distributor the exclusive right to sell and distribute the Company’s CLMBR product anywhere in the world in the commercial market.”
M&A Transactions

Interactive Strength, Inc. completed an acquisition involving CLMBR, Inc and CLMBR1, LLC for total purchase price enterprise value of approximately $15.4 million, consisting of the issuance at closing of shares of Common Stock with a value of $1.45 mill (closed 2024-02-02).

“On February 2, 2024, pursuant to the Asset Purchase Agreement, the Company completed the Acquisition for a total purchase price enterprise value of approximately $15.4 million, consisting of the issuance at closing of shares of Common Stock with a value of $1.45 million, 1,428,922 shares and shares of non-voting Series B preferred stock with a value of $3.0 million, 1,500,000 shares to the equity holders of the Sellers (each of whom is an “accredited investor” as defined in Rule 501 under the Securities Act), the assumption by the Company of $1.5 million of subordinated debt, and the retirement of $9.4 million of senior debt.”
Material Agreements

Interactive Strength, Inc. entered into Credit Agreement with Vertical Investors LLC valued at $7,968,978 (effective 2024-02-01).

“On the Effective Date, the Company, entered into a Credit Agreement (the “Credit Agreement”) with Vertical Investors LLC, a Mississippi limited liability company (the “Lender”) pursuant to which the Company agreed to borrow from the Lender a term loan in the aggregate principal amount of $7,968,978 (the “Loan”).”
Material Agreements

Interactive Strength, Inc. entered into Securities Purchase Agreement with Treadway Holdings LLC (effective 2024-02-01).

“On February 1, 2024, the Company and the Purchaser entered into that certain Securities Purchase Agreement (the "Purchase Agreement"), pursuant to which the Company shall issue to the Purchaser (i) 750,000 shares of the Common Stock, and (ii) warrants to purchase up to an aggregate of 3,000,000 shares of the Common Stock.”
Material Agreements

Interactive Strength, Inc. entered into Note Purchase Agreement with Treadway Holdings LLC valued at $6,000,000 (effective 2024-02-01).

“On February 1, 2024 (the “Effective Date”), Interactive Strength Inc., a Delaware corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with CLMBR Holdings LLC, a Delaware limited liability company ("CLMBR"), and Treadway Holdings LLC, a Delaware limited liability company (the “Purchaser”) pursuant to which the (a) Company sold, and the Purchaser purchased, a Senior Secured Convertible Promissory Note (the “Note”) in the aggregate principal amount of $6,000,000”
Listing & Compliance Notices

Interactive Strength, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“January 26, 2024, Interactive Strength Inc. (the “Company”) received a deficiency letter from the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”) has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (“Rule 5550(a)(2)”). The Nasdaq deficiency letter has no immediate effect on the listing of the Common Stock, and the Common Stock will continue to tra”
Material Agreements

Interactive Strength, Inc. amended Amended Agreement with CLMBR, Inc and CLMBR1, LLC valued at approximately $15.4 million (effective 2024-01-22).

“On January 22, 2024, the Company and the Sellers entered into an amended and restated Asset Purchase Agreement (the “Amended Agreement”).”
Governance Changes

Interactive Strength, Inc.: Filed Certificate of Designation for Series A Convertible Preferred Stock, designating 5,000,000 shares and setting rights, preferences, and conversion terms (effective 2024-01-08).

“On January 6, 2024, the Board of Directors of Interactive Strength Inc. (the “Company”) approved the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (“Series A Preferred Stock”).”
Material Agreements

Interactive Strength, Inc. entered into common stock purchase agreement with an accredited investor (the "Equity Line Investor") valued at $20,000,000 (effective 2023-12-12).

“On December 12, 2023, the Company entered into that certain common stock purchase agreement (the “Equity Line Purchase Agreement”) with an accredited investor (the “Equity Line Investor”). Under the terms and subject to the conditions of the Equity Line Purchase Agreement, the Company has the right, but not the obligation, to sell to the Equity Line Investor, and the Equity Line Investor is obligated to purchase, up to the lesser of (a) $20,000,000 in aggregate gross purchase price of newly issued Common Stock”
Material Agreements

Interactive Strength, Inc. entered into Note Registration Rights Agreement with an accredited investor (the "Note Investor") (effective 2023-12-07).

“In connection with the Convertible Note Financing, the Company entered into that certain registration rights agreement, dated December 7, 2023, with the Note Investor (the “Note Registration Rights Agreement”).”
Material Agreements

Interactive Strength, Inc. entered into Purchase Agreement with an accredited investor (the "Note Investor") valued at $2,160,000 (effective 2023-12-07).

“On December 7, 2023, Interactive Strength Inc. (the “Company”) entered into that certain securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Note Investor”), pursuant to which the Company sold, and the Note Investor purchased, (a) a senior unsecured convertible note issued by the Company (the “Note”) in the aggregate principal amount of $2,160,000”
Earnings Releases

Interactive Strength, Inc. reported third quarter of 2023 results: net income $10.4 million, EPS $0.73.

“The Company incurred a net loss of $10.4 million for the third quarter of 2023, or a loss of $0.73 per diluted share”
Material Agreements

Interactive Strength, Inc. entered into Asset Purchase Agreement with CLMBR, Inc and CLMBR1, LLC valued at approximately $16.9 million (effective 2023-10-06).

“On October 6, 2023, Interactive Strength Inc. (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with CLMBR, Inc and CLMBR1, LLC (the “Sellers”) to purchase and acquire substantially all of the assets and assume certain liabilities of the Sellers (the "Acquisition").”
Listing & Compliance Notices

Interactive Strength, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

“equity be at least $10.0 million (the “Stockholders’ Equity Requirement”). As reported in the Form 10-Q, the Company’s stockholders’ equity as of June 30, 2023 was approximately $5.0 million. In accordance with Nasdaq Listing Rules, the Company has 45 calendar days from the date of the Notice, or until October 6, 2023, to submit a plan to regain compliance with the”
Earnings Releases

Interactive Strength, Inc. reported second quarter of 2023 results: net income net loss of $13.6 million, EPS loss of $1.02 per diluted share.

“Interactive Strength Inc. d/b/a FORME Reports Second Quarter 2023 Results Net Loss and Earnings per Diluted Share of $13.6 million and $1.02”
Earnings Releases

Interactive Strength, Inc. reported first quarter of 2023 results: net income net loss of $16.0 million, EPS loss of $2.09 per diluted share.

“Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), today announced its financial results for the first quarter of 2023. The Company incurred a net loss of $16.0 million for the first quarter of 2023, or a loss of $2.09 per diluted share”
Governance Changes

Interactive Strength, Inc.: Amended and Restated Bylaws became effective upon IPO closing (effective 2023-05-02).

“the Company’s amended and restated bylaws (the “Amended and Restated Bylaws”), in the form previously filed as Exhibit 3.2.2 to the Registration Statement, became effective.”
Governance Changes

Interactive Strength, Inc.: Amended and Restated Certificate of Incorporation became effective upon IPO closing (effective 2023-05-02).

“the Company’s Amended and Restated Certificate of Incorporation became effective (the “Amended and Restated Certificate”).”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.