Interactive Strength closes $8.75M-$13M Ergatta acquisition with mixed cash and preferred stock

Filed March 16, 2026 · Period ending March 11, 2026 · ~1 min read

Key Changes

• high

  Completed acquisition of Ergatta for $3.5M cash ($1.75M immediate, $1.75M note due April 2027) plus $5.25M-$9.5M in new Series D1 Preferred Stock, totaling $8.75M-$13M. Additional earnout payments possible based on performance milestones.

  Item 2.01 verify on EDGAR →
• high

  Issued three new series of convertible preferred stock (D1, D2, D3) that will dilute common shareholders when converted. Series D1 went to Ergatta sellers, while D2 and D3 (up to $3M combined) went to Ergatta management as retention incentives.

  Item 3.02 verify on EDGAR →
• medium

  Created $1.75M senior secured debt obligation due April 2027 as deferred payment to Ergatta sellers, adding near-term debt maturity that must be refinanced or paid within 13 months.

  Item 2.01 verify on EDGAR →