Interactive Strength Inc. Announces Convertible Note Issuance with 15% Interest and Option for Series A Preferred Stock Conversion

Reuters
06-11
<a href="https://laohu8.com/S/TRNR">Interactive Strength</a> Inc. Announces Convertible Note Issuance with 15% Interest and Option for Series A Preferred Stock Conversion

Interactive Strength Inc. has announced the issuance of a convertible promissory note valued at $725,000 to S Interactive LLC, with a discounted purchase price of $652,500. The note, maturing on June 4, 2027, carries an annual interest rate of 15%. The company has the option to prepay the note before maturity; however, if the accrued interest is less than $217,500 at the time of prepayment, the company must compensate the holder for the shortfall. Additionally, the note can be converted into Series A Preferred Stock at $1.25 per share before maturity. This financial move highlights Interactive Strength Inc.'s strategic approach to managing its capital structure and financial obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Interactive Strength Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-084290), on June 10, 2025, and is solely responsible for the information contained therein.

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