Interactive Strength Inc. has announced a significant amendment to its loan agreement with Sportstech Brands Holding GmbH. Initially, the company extended a loan facility of $2,250,000 to Sportstech, which was fully disbursed by March 12, 2025. On May 22, 2025, both parties agreed to amend and restate the original loan agreement, introducing an additional loan facility of up to $3,350,000, to be provided in increments of no less than $250,000. The newly structured Loan Facility B, which must be utilized by July 30, 2025, accrues interest at a rate of 10% per annum and includes a 10% principal discount. Furthermore, Sportstech has the option to extend the loan term by five months, potentially extending the termination date to December 30, 2025. This strategic financial maneuver aims to bolster Sportstech's operational capabilities through the remainder of the year.
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