Interactive strength inc. (nasdaq:trnr) raises $3.6m in 3-year notes from existing institutional investor

Latest investment follows previously-announced investment in trnr of $2.9m, reflecting investor's increased enthusiasm for company's growth and acquisition strategy, including last week's letter of intent company looks forward to appearing at this week's hfa summit in las vegas austin, tx / access newswire / march 12, 2025 / interactive strength inc. (nasdaq:trnr) ("trnr" or the "company"), maker of innovative specialty fitness equipment under the clmbr and forme brands, today announced that the previously-announced institutional investor has exercised its option to invest an additional $3.6m into the company through the purchase of senior secured convertible notes, with a fixed conversion price at a 30% premium to the yesterday's closing, as well as plain-vanilla common warrants. the note has a maturity date in march 2028.
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