Interactive Strength settles $2.2M lender shortfall with 1.1M preferred shares

Filed April 3, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Company issued 1,088,255 Series C Preferred shares to Vertical Investors to settle $2.2M obligation under prior loan restoration agreement, converting cash liability to equity.

  Item 1.01 verify on EDGAR →
• high

  Settlement addresses $6.6M shortfall where lender received only $2.2M from selling securities versus $8.7M in original loans converted, indicating steep value decline in previously issued securities.

  Item 1.01 verify on EDGAR →
• medium

  Vertical Investors now holds 2,623,176 Series C Preferred shares total, representing concentrated preferred equity ownership by single creditor with potential voting and liquidation preference implications.

  Item 1.01 verify on EDGAR →