Interactive Strength completed an incremental warrant exercise with an accredited investor, resulting in the issuance of a $2.0 million senior secured convertible note and 305,810 Class B Incremental Common Warrants. The note matures on Jul 21, 2027 and is convertible at a base price of $3.597 per share, with alternate conversion features and a floor price of $0.6148. The warrants carry a $5.527 exercise price and are exercisable through Jul 21, 2033, subject to a 4.99% (or 9.99% at investor option) ownership cap. The financing is expected to bolster liquidity and provide additional capital flexibility.
Agreement details:
- Agreement type: Class B incremental warrant exercise; issuance of senior secured convertible note and stock warrants
- Counterparty: Accredited Investor
- Signed / Effective: Jul 21 2026 / same
- Duration / Termination: 1 year, matures Jul 21 2027 (warrants exercisable until Jul 21 2033)
- Reason: Bolster liquidity through note financing and warrant issuance
Original SEC Filing:
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