Interactive Strength, Inc. 8-K

What Happened

• Interactive Strength, Inc. (TRNR) filed an 8‑K reporting a Settlement Agreement dated June 30, 2026 with lender Vertical Investors, LLC. Under the agreement the company issued 225,681 shares of Series C Preferred Stock to the lender as payment of a $451,361 Net Trade Value shortfall.
• Background: the company previously borrowed $7,968,977.74 under a Credit Agreement dated February 1, 2024, converted $3.0 million of that loan into 1,500,000 shares of Series A Preferred Stock on March 29, 2024, and entered into modification and restoration agreements on April 24, 2024. As of June 30, 2026 the Total Loan Exchanged Amount was approximately $9,034,431 and the Net Trade Value was $451,361.

Key Details

• Settlement Agreement date: June 30, 2026; 8‑K filed July 7, 2026 (Exhibit 10.1).
• Shares issued to satisfy shortfall: 225,681 shares of Series C Preferred Stock.
• Dollar figures: Net Trade Value paid by issuance = $451,361; Total Loan Exchanged Amount ≈ $9,034,431; original loan principal $7,968,977.74.
• Post-issuance holding: Vertical Investors owned 2,848,857 shares of Series C Preferred Stock after the issuance.

Why It Matters

• The company satisfied a contractual shortfall arising from prior loan-to-equity exchanges by issuing preferred stock instead of paying cash, which preserves cash but increases the number of preferred shares outstanding.
• For investors, this affects the company’s capital structure and could have implications depending on the rights and any conversion features of the Series C Preferred Stock. Retail investors should review the Settlement Agreement (Exhibit 10.1) and the terms of the issued preferred shares to assess potential dilution or priority over common stock.