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Interactive Strength pursues financing via convertible notes and warrants

Story Highlights
  • On December 29, 2025, Interactive Strength cut $225,000 of note principal by issuing 150,000 unrestricted common shares, reducing debt and increasing equity.
  • On December 30, 2025, an investor exercised incremental warrants for a $222,000 convertible note and new stock warrants, contributing to share count growth and potential dilution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Interactive Strength pursues financing via convertible notes and warrants

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An update from Interactive Strength Inc ( (TRNR) ) is now available.

On December 29, 2025, Interactive Strength Inc. reduced the principal on a $2.15 million unsecured promissory note held by an investor by $225,000 through an exchange for 150,000 unrestricted common shares priced at $1.50 each, lowering the note’s outstanding balance to about $1.92 million and further shifting a portion of its obligations into equity. In a separate move on December 30, 2025, an accredited investor exercised additional Class A incremental warrants to purchase a $222,000 senior secured convertible note and received warrants for 93,277 common shares, adding to a series of warrant exercises since March 2025, and as of January 5, 2026, these and other unregistered issuances brought the company’s total common shares outstanding to 3,046,762, highlighting ongoing balance-sheet management via convertible debt and warrant-driven financing that may lead to future dilution for existing shareholders.

The most recent analyst rating on (TRNR) stock is a Hold with a $0.98 price target. To see the full list of analyst forecasts on Interactive Strength Inc stock, see the TRNR Stock Forecast page.

Spark’s Take on TRNR Stock

According to Spark, TipRanks’ AI Analyst, TRNR is a Neutral.

The score is held down primarily by weak financial quality (large losses, negative cash flow, and reliance on financing) and very bearish technicals (below major moving averages with negative MACD). Revenue growth and a somewhat improving balance-sheet position provide limited support, while valuation is constrained by negative earnings and the absence of a dividend yield.

To see Spark’s full report on TRNR stock, click here.

More about Interactive Strength Inc

Interactive Strength Inc. operates in the fitness and wellness technology sector, providing connected strength-training solutions and related services, with its common stock listed and actively used in structured financing and equity-for-debt transactions that affect its capital structure and outstanding share count.

Average Trading Volume: 127,284

Technical Sentiment Signal: Sell

Current Market Cap: $2.5M

See more insights into TRNR stock on TipRanks’ Stock Analysis page.

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