Interactive Strength Enters Material Definitive Agreement

TL;DR

Interactive Strength just signed a big deal, details to come.

AI Summary

Interactive Strength, Inc. announced on January 29, 2025, that it has entered into a material definitive agreement. The company, incorporated in Delaware, is based in Austin, Texas, and operates in the Electronic & Other Electrical Equipment sector. Further details regarding the agreement are expected to be disclosed.

Why It Matters

This filing indicates a significant new contract or partnership for Interactive Strength, Inc., which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial or operational implications, but the lack of specific details introduces uncertainty.

Key Numbers

• 001-41610 — Commission File Number (SEC File Number for Interactive Strength, Inc.)
• 82-1432916 — IRS Employer Identification No. (Tax identification for Interactive Strength, Inc.)

Key Players & Entities

• Interactive Strength, Inc. (company) — Registrant
• January 29, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Austin, Texas (location) — Principal Executive Offices
• 512 885-0035 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common stock, $0.0001 par value per share TRNR The Nasdaq
• $1,122,222 — ame effective upon the first tranche of $1,122,222 (inclusive of the original issue discou
• $2,250,000 — 25. The Loan Agreement provides for a $2,250,000 loan facility (the "Loan") that termina
• $250,000 — be advanced in tranches of no less than $250,000 per tranche. Pursuant to the Loan Agree

Filing Documents

• trnr-20250129.htm (8-K) — 49KB
• trnr-ex10_1.htm (EX-10.1) — 228KB
• trnr-ex10_2.htm (EX-10.2) — 185KB
• 0000950170-25-013696.txt ( ) — 622KB
• trnr-20250129.xsd (EX-101.SCH) — 24KB
• trnr-20250129_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 29, 2025, Interactive Strength Inc. (the "Company"), as lender, entered into a Loan Agreement (the "Loan Agreement") with Sportstech Brands Holding GmbH ("Sportstech" or "Borrower"), as borrower. Although the Loan Agreement was entered into on January 27, 2025, it became effective upon the first tranche of $1,122,222 (inclusive of the original issue discount and legal bill deduction) being advanced by the Company to the Borrower on January 29, 2025. The Loan Agreement provides for a $2,250,000 loan facility (the "Loan") that terminates on April 30, 2025 (the "Termination Date"). The Loan accrues interest at a rate of 10% per annum, subject to adjustment from time to time as set forth in the Note, and has a discount at an amount equal to 10% of the principal amount. The Loan shall be advanced in tranches of no less than $250,000 per tranche. Pursuant to the Loan Agreement, the Borrower has the option, upon delivery of a written request, to extend the term of the Loan for an additional eight-month period, such that the Termination Date will be extended to December 30, 2025. In connection with the Loan Agreement, the Company, the Borrower, and the sole shareholder of the Borrower (the "Pledgor") entered into a Share Pledge Agreement on January 27, 2025 (the "Share Pledge Agreement"). Pursuant to the Share Pledge Agreement, the Pledgor has pledged his share interest as collateral to secure the Borrower's obligations under the Loan Agreement. In addition, on January 27, 2025, the Company, the Borrower and the Pledgor entered into a Suretyship Agreement, pursuant to which the Pledgor has agreed to act as surety for the Borrower's obligations under the Loan Agreement. The Loan Agreement contains representations, warranties, and events of defaults customary for this type of facility. The Company and Sportstech, on December 12, 2024, entered into a non-binding letter of intent and exclusivity agreemen

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Loan Agreement, by and between Sportstech Brands Holding GmbH and Interactive Strength Inc., dated as of January 27, 2025. 10.2* Share Pledge Agreement, by and among Ali Ahmad, Sportstech Brands Holdings GmbH and Interactive Strength Inc., dated as of January 27, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * The schedules and exhibits to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Interactive Strength Inc. Date: February 4, 2025 By: /s/ Michael J. Madigan Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR