Interactive Strength, Inc. — Form 8-K

Interactive Strength Inc. (Buyer) is acquiring STEPR, Inc. (Company) from STEPR PTY LTD (Seller) and indirect equityholders (TF Trust, Australian Fitness Supplies) for: (1) F1 Equity Consideration of $6M in Series F-1 Preferred Stock; (2) F2 Equity Consideration of $10.5M in Series F-2 Preferred Stock; (3) F3 Equity Consideration of $2.5M in Series F-3 Preferred Stock; plus (4) Initial Cash Contribution of $1.5M (less Secured Note advances); (5) AFS Loan Repayment up to $1.2M; and (6) Shareholder Cash Consideration up to $1M on first anniversary. All equity consideration is non-voting convertible preferred stock subject to scaling factors tied to Year 1 and Year 2 EBITDA performance (capped at $4M and $7M respectively). Locked-box date: May 31, 2026. Agreement dated July 7, 2026.