An announcement from Interactive Strength Inc (TRNR) is now available.
Interactive Strength Inc. has revised its financial agreements with an accredited investor, reducing the conversion price of a senior unsecured convertible note to $4.00 and likewise lowering the exercise price of an accompanying warrant, resulting in an increase of issuable common stock shares. By June 24, 2024, the company had converted part of the note and exercised some warrants, receiving cash in return. Additionally, the firm terminated a common stock purchase agreement with a related party, having sold shares for proceeds before the termination. These transactions were executed under exemptions from standard registration requirements, emphasizing that the securities are not registered and are subject to restrictions on their sale.
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