Interactive Strength Inc. Files IPO Amendment

TL;DR

Interactive Strength Inc. filed an S-1/A, moving closer to IPO. Get ready for potential market action.

AI Summary

Interactive Strength Inc. filed an S-1/A amendment on June 27, 2024, for its initial public offering. The company, incorporated in Delaware, is based in Austin, Texas, and operates in the electronic and electrical equipment sector. Trent A. Ward is listed as the Chief Executive Officer.

Why It Matters

This filing indicates Interactive Strength Inc. is moving forward with its plan to become a publicly traded company, which could lead to increased investment and market visibility.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it represents a company seeking to go public, which inherently carries market and execution risks.

Key Numbers

• 3600 — SIC Code (Electronic & Other Electrical Equipment industry)
• 821432916 — IRS Number (Company's Employer Identification Number)

Key Players & Entities

• Interactive Strength, Inc. (company) — Registrant
• June 27, 2024 (date) — Filing date
• 333-280410 (registration_number) — SEC registration number
• Trent A. Ward (person) — Chief Executive Officer
• Austin, Texas (location) — Principal business address

FAQ

Key Financial Figures

• $2 — A-1 Warrant and Series A-2 Warrant, is $2.80, which is equal to the last reported
• $2.80 — warrants will have an exercise price of $2.80 per share and will be exercisable begin
• $0.125 — hare under Nasdaq Rule 5635(d) plus (b) $0.125 per share of Common Stock underlying th
• $0 — d to the public in this offering, minus $0.001, and the exercise price of each Pre
• $0.001 — rice of each Pre-Funded Warrant will be $0.001 per share. For each Pre-Funded Warrant
• $2.02 — stock on The Nasdaq Capital Market was $2.02 per share. We are an “emerging
• $10,000 — n-accountable expenses in the amount of $10,000 for its legal fees and expenses and oth
• $100,000 — t-of-pocket expenses in an amount up to $100,000, and for its clearing expenses in the a
• $15,950 — its clearing expenses in the amount of $15,950. In addition, we have agreed to issue t
• $0.3 million — and 2023, we generated total revenue of $0.3 million and $0.2 million, respectively, and inc
• $0.2 m — rated total revenue of $0.3 million and $0.2 million, respectively, and incurred net l
• $11.4 million — espectively, and incurred net losses of $11.4 million and $16.0 million, respectively. As we
• $16.0 m — ncurred net losses of $11.4 million and $16.0 million, respectively. As we generated re

Filing Documents

• trnr_s-1_june_2024_amend.htm (S-1/A) — 1495KB
• trnr-ex4_10.htm (EX-4.10) — 169KB
• trnr-ex4_11.htm (EX-4.11) — 168KB
• trnr-ex4_12.htm (EX-4.12) — 154KB
• trnr-ex4_13.htm (EX-4.13) — 161KB
• trnr-ex5_1.htm (EX-5.1) — 25KB
• trnr-ex10_20.htm (EX-10.20) — 350KB
• trnr-ex23_1.htm (EX-23.1) — 4KB
• trnr-ex23_2.htm (EX-23.2) — 4KB
• trnr-exfiling_fees.htm (EX-FILING FEES) — 64KB
• img155919208_0.jpg (GRAPHIC) — 3KB
• img155919208_1.jpg (GRAPHIC) — 8KB
• img155919208_2.jpg (GRAPHIC) — 52KB
• img155919208_3.jpg (GRAPHIC) — 191KB
• img155919208_4.jpg (GRAPHIC) — 295KB
• img155919208_5.jpg (GRAPHIC) — 339KB
• img155919208_6.jpg (GRAPHIC) — 40KB
• img155919208_7.jpg (GRAPHIC) — 144KB
• img155919208_8.jpg (GRAPHIC) — 177KB
• img155919208_9.jpg (GRAPHIC) — 300KB
• img155919208_10.jpg (GRAPHIC) — 245KB
• img155919208_11.jpg (GRAPHIC) — 17KB
• img155919208_12.jpg (GRAPHIC) — 63KB
• img155919208_13.jpg (GRAPHIC) — 50KB
• img155919208_14.jpg (GRAPHIC) — 23KB
• img155919208_15.jpg (GRAPHIC) — 50KB
• img155919208_16.jpg (GRAPHIC) — 106KB
• img155919208_17.jpg (GRAPHIC) — 11KB
• 0000950170-24-078163.txt ( ) — 5508KB

RISK FACTORS

RISK FACTORS 14 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 78

USE OF PROCEEDS

USE OF PROCEEDS 80 DETERMINATION OF OFFERING PRICE 80 DIVIDEND POLICY 81 CAPITALIZATION 114

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 117

DESCRIPTION OF SECURITIES WE ARE OFFERING

DESCRIPTION OF SECURITIES WE ARE OFFERING 123 PLAN OF DISTRIBUTION 127 LEGAL MATTERS 130 EXPERTS 130 WHERE YOU CAN FIND MORE INFORMATION 130 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 131 i ABOUT T HIS PROSPECTUS We incorporate by reference important information into this prospectus. You may obtain the information incorporated by reference without charge by following the instructions under “Where You Can Find More Information.” You should carefully read this prospectus as well as additional information described under “Incorporation of Certain Information by Reference,” before deciding to invest in our securities. Neither we nor the placement agent have authorized anyone to provide you with additional information or information different from that contained or incorporated by reference in this prospectus filed with the Securities and Exchange Commission (the “SEC”). We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell, only thee securities offered hereby, and only under circumstances and in jurisdictions where it is lawful to do so. We are not, and the placement agent is not, making an offer to sell these securities in any state or jurisdiction where the offer or sale is not permitted. The information contained in this prospectus, or any document incorporated by reference in this prospectus, is accurate only as of the date of those respective documents, regardless of the time of delivery of this prospectus or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. The information incorporated by reference or provided in this prospectus contains statistical data and estimates, including those relating to market size and competitive position of the markets in which we participate, that we obtained

View Full Filing

View this S-1/A filing on SEC EDGAR