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Interactive Strength raises capital via new convertible notes

Story Highlights
  • On December 17, 2025 an investor bought $260,000 in new convertible notes and related warrants.
  • The private placement expands structured financing and leaves 2,777,714 common shares outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Interactive Strength raises capital via new convertible notes

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Interactive Strength Inc ( (TRNR) ) has provided an update.

On December 17, 2025, Interactive Strength Inc. reported that an accredited investor exercised previously issued Class A incremental warrants to purchase an additional $260,000 in senior secured convertible notes, along with Class A Incremental Common Warrants to buy 79,755 shares of common stock. This latest exercise brought total Class A Incremental Notes purchased by the investor since March 11, 2025 to $10.675 million in principal, and resulted in an aggregate 957,681 Class A Incremental Common Warrants being issued earlier in the year, all following a 1-for-10 reverse stock split effective June 27, 2025. The new Class A Incremental Note, maturing on December 17, 2026, is convertible into common stock under a detailed pricing formula with both fixed and alternate conversion mechanisms, while the related warrants are exercisable at $2.755 per share through December 17, 2032, subject to ownership caps and anti-dilution adjustments. The financing, conducted as a private placement exempt from SEC registration requirements, reflects the company’s continued reliance on structured convertible securities for capital, and leaves Interactive Strength with 2,777,714 common shares outstanding as of December 17, 2025.

The most recent analyst rating on (TRNR) stock is a Hold with a $2.00 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 overall stock score is primarily influenced by the company’s precarious financial health, characterized by significant revenue growth but substantial operating losses and high leverage. Technical analysis indicates a bearish trend with oversold conditions, while valuation metrics are concerning due to negative earnings and lack of dividends. These factors collectively result in a low overall stock score.

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

More about Interactive Strength Inc

Interactive Strength Inc. operates in the fitness and training technology sector, offering connected strength-training equipment and related digital fitness services to consumers, with its common stock listed and actively traded in the U.S. capital markets.

Average Trading Volume: 121,610

Technical Sentiment Signal: Sell

Current Market Cap: $4.01M

For a thorough assessment of TRNR stock, go to TipRanks’ Stock Analysis page.

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