Interactive Strength Swaps Debt for Preferred Shares
The parent of Ergatta, Wattbike, CLMBR, and FORME issued 768,509 Series R convertible preferred shares in exchange for $7,685,090 of outstanding unsecured convertible notes on Sep. 30. TRNR then canceled the notes, aiming to strengthen its balance sheet. Each Series R share has a $10 stated value ... Log in to view full article.
