Interactive Strength holds special shareholder meeting on preferred stock issuance proposal
TRNR•Stock incentive plan amendment and reverse stock split authority approved
Investors adopted an amendment to the 2023 Stock Incentive Plan, including 5 million additional shares, plus a conversion-linked automatic increase feature.
The board received authority to pursue one or more reverse stock splits within a 1-for-4 to 1-for-100 range within one year of Aug. 13, 2026.
Shareholders approve potential equity issuance tied to preferred stock and notes
Interactive Strength held a special shareholder meeting on Aug. 28, 2026.
Shareholders cleared potential issuance of 20%+ of common stock tied to conversion or exchange of existing Series A, C, D, E preferred stock.
Approval also covered potential issuance of 20%+ of common stock from conversion or exchange of Series F preferred stock to be issued in the STEPR deal.
Votes authorized potential issuance of 20%+ of common stock upon conversion or exchange of outstanding promissory notes, plus outstanding warrants.
