Interactive Strength enters USD 2 million convertible note financing with investor

Reuters2026/07/24 20:31

By:Reuters

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Interactive Strength priced a USD 2 million July 2026 Class B Incremental Note after an investor exercised Class B Incremental Warrants on July 21, 2026.
Note matures July 21, 2027; convertible before maturity at USD 3.597 per share, subject to adjustments.
Investor also received Class B Incremental Common Warrants for 305,810 shares, based on the July 20, 2026 close of USD 3.27.
Common warrants carry a USD 5.527 exercise price; exercisable from July 21, 2026 through July 21, 2033.
Conversions or exercises capped to prevent the investor exceeding 4.99% beneficial ownership, or 9.99% at the investor’s option.

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: 0001193125-26-316159), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Interactive Strength enters USD 2 million convertible note financing with investor

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