Interactive Strength, INC 8-K filings

Interactive Strength Inc. settled a debt of $992,492 with Vertical Investors, LLC by issuing Series C Preferred Stock and also issued additional Series C Preferred Stock as a dividend.

Interactive Strength Inc. has amended its debt agreement, extending the maturity date, and adjusted the conversion price of its Series C Preferred Stock.

Interactive Strength Inc. has extended the maturity date of its senior secured convertible promissory note and converted a portion of the debt into common stock.

Interactive Strength Inc. has amended its Series B Convertible Preferred Stock, removing the mandatory conversion provision and allowing holders to voluntarily convert their shares.

Interactive Strength Inc. reports the conversion of debt and preferred stock into common stock, resulting in 903,627 common shares outstanding as of November 20, 2024.

Interactive Strength Inc. reduced its debt by exchanging shares of common stock with a lender, but faces potential delisting from Nasdaq due to insufficient publicly held shares.

Interactive Strength Inc. amended its senior secured convertible promissory note, reducing the principal amount to $4 million and converting a portion of the debt and preferred stock into common stock.

Interactive Strength Inc. announced a 325% revenue increase compared to the previous quarter, reaching $2.0 million, while also reducing its adjusted EBITDA loss.

Interactive Strength Inc. has implemented a 1-for-100 reverse stock split and reduced the conversion price of its Series A Convertible Preferred Stock.

Interactive Strength Inc. has reduced its outstanding loan balance by $243,750 through the issuance of 1,500,000 shares of common stock to its lender.

Interactive Strength Inc. has executed an Exchange and Settlement Agreement with Vertical Investors, LLC, converting preferred stock and a portion of its loan into new Series C Preferred Stock.

Interactive Strength Inc. has reduced its debt by $270,000 through the issuance of common stock and established a new series of convertible preferred stock.

Interactive Strength Inc. has further reduced its outstanding loan balance by issuing common stock to its lender.

Interactive Strength Inc. has reduced its outstanding loan principal by $100,000 by issuing 200,000 common shares to Vertical Investors, LLC.

Interactive Strength Inc. stockholders approved the issuance of common stock related to two separate agreements and granted the board authority to enact a reverse stock split.

Interactive Strength Inc. has been notified by Nasdaq that its stock price has fallen below the minimum required bid price of $1.00, potentially leading to delisting.

Interactive Strength Inc. announced its second quarter 2024 results, showing a reduced net loss and progress towards profitability, while also highlighting international expansion and key partnerships.

Interactive Strength Inc. has regained compliance with Nasdaq's minimum bid price requirement after its stock price closed above $1.00 for 14 consecutive business days.

Interactive Strength Inc. successfully closed a $4 million public offering, issuing shares and warrants to enhance its working capital and for general corporate purposes.

Interactive Strength Inc. has increased the authorized number of Series A Convertible Preferred Stock from 7 million to 10 million shares.

Interactive Strength Inc. has entered into a Limited Waiver and Exchange Agreement to restructure its debt and equity with a key investor, eliminating outstanding warrants and converting debt into preferred stock.

Interactive Strength Inc. has adjusted the conversion price of a senior unsecured convertible note and the exercise price of a warrant, while also terminating an equity line purchase agreement.

Interactive Strength Inc. has executed a 1-for-40 reverse stock split, effective June 14, 2024, to reduce the number of outstanding shares.

Interactive Strength Inc. held its 2024 annual meeting where stockholders approved the election of directors, ratification of the accounting firm, and several proposals related to share issuance and a reverse stock split.

Interactive Strength Inc. has received a delisting notice from Nasdaq after failing to maintain the minimum $2.5 million stockholders' equity requirement.

Interactive Strength Inc. has entered into an at-the-market offering agreement and issued preferred stock upon conversion of debt and payables.

Interactive Strength Inc. has entered into an agreement for a $1 million registered direct offering of common stock and warrants.

Interactive Strength Inc. reported a net loss of $11.4 million for Q1 2024, but showed a $1.0 million improvement in adjusted EBITDA compared to the same period last year and expects to be run-rate adjusted EBITDA positive by Q4 2024.

Interactive Strength Inc. has appointed David Leis, a seasoned business professional, to its Board of Directors and Audit Committee, effective April 26, 2024.

Interactive Strength Inc. has modified its loan agreement, converting $3 million of debt to equity and extending the maturity of the remaining balance to December 2024.