Business Context and Reporting Period
Company: Interactive Strength, Inc. (TRNR)
Filing Type: Form 8-K (Current Report)
Date of Report: November 08, 2024
Reporting Period: Events occurring on November 08, 2024, with effective dates of November 11, 2024.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on corporate governance and capital structure adjustments.
Material Changes
- Reverse Stock Split: Implemented a 1-for-100 reverse stock split of Common Stock, effective November 11, 2024.
- Shares outstanding reduced from 41,787,040 to 417,871.
- Fractional shares were rounded up.
- Trading symbol remains "TRNR" on The Nasdaq Capital Market.
- New CUSIP: 45840Y302.
- Preferred Stock Conversion Price Adjustment: Amended the Certificate of Designation of Series A Convertible Preferred Stock.
- Conversion price reduced from $0.7501 to $0.0702.
- Amendment effective upon filing on November 08, 2024.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies were disclosed beyond the standard incorporation of the amendment documents by reference.
Investor Verification Checklist
- Verify the new share count (417,871) and CUSIP (45840Y302) in brokerage accounts.
- Confirm the adjusted conversion price ($0.0702) for Series A Convertible Preferred Stock holders.
- Review the treatment of fractional shares to ensure proper rounding was applied to individual holdings.
- Check the effective trading date of November 11, 2024, for the reverse split-adjusted basis.