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AI brief of an SEC Form 8-K · Interactive Strength, Inc. (TRNR)

Interactive Strength issues $2 million convertible note and warrants to investor

Neutral Impact 3 of 5 financing Written later

On July 21, 2026, Interactive Strength (TRNR) issued a $2,000,000 senior secured convertible note to an accredited investor after the investor exercised Class B incremental warrants under a January 2025 purchase agreement. The investor also received warrants to buy 305,810 shares of common stock at $5.527 per share, exercisable through July 21, 2033. The filing shows added debt and potential dilution for shareholders, though the notes and warrants are subject to the conversion terms and a 4.99% or 9.99% beneficial ownership cap.

Key points

  • Note principal: $2,000,000, maturing July 21, 2027
  • Warrants for 305,810 shares, based on the July 20, 2026 closing price of $3.27
  • Note conversion price $3.597 per share, subject to adjustment; alternate conversion floor price $0.6148
  • Warrant exercise price $5.527 per share, exercisable from July 21, 2026 to July 21, 2033

The filing

CompanyInteractive Strength, Inc. (TRNR)
Form8-K, current report
Filed with the SECJul 24, 2026, 4:30 PM ET
Accession number0001193125-26-316159

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.