Interactive Strength to issue up to $15 million 10% two-year notes

Chicago, June 8 – Interactive Strength Inc., which does business as Forme, signed a note purchase agreement for up to $15 million of 10% two-year notes, according to a press release.

The notes will be issued at 95 for a yield of 12½%.

The lead investor has agreed to purchase at least $7.5 million of the notes, per a June 6 agreement.

The company operates a digital fitness platform. The company is based in Austin, Tex.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.