Interactive Strength entered into a Settlement Agreement with Vertical Investors on June 30, 2026 to satisfy a $451,361 Net Trade Value obligation under a prior Restoration Agreement. The company issued 225,681 shares of Series C Preferred Stock as payment in kind. Following the issuance, Vertical Investors held 2,848,857 shares of Series C Preferred Stock. The transaction converts a cash liability into equity and resolves the outstanding balance tied to earlier loan exchanges.
Agreement details:
- Agreement type: Settlement Agreement for issuance of 225,681 Series C Preferred Shares as payment of $451,361 Net Trade Value
- Counterparty: Vertical Investors
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: At will
- Reason: Settle Net Trade Value obligation under Restoration Agreement
Original SEC Filing:
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