Virtuix Holdings Inc. (VTIX): debt financing — Virtuix wins Air Force SBIR Phase I, expands into neurodivergent therapy, restructures debt with Streeterville

Virtuix Holdings Inc.

U.S. Air Force AFWERX SBIR Phase I award to develop Virtual Terrain Walk for immersive mission planning using Omni One treadmills.
Rutgers University deploys Omni One platform for AI-assisted neurodivergent therapy research, including autism therapy.
Exchanged $3.32M of convertible notes with Streeterville Capital for new $3.47M Pre-Paid Purchase at 6% interest.
Pre-Paid Purchase allows Streeterville to purchase common shares at fixed price; no additional cash to company.
Phase II SBIR funding typically exceeds $1M; VTW enables warfighters to physically walk geo-specific virtual terrain.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Virtuix Holdings Inc. incurred convertible notes of $3,471,923.00 with Streeterville Capital, LLC at 6% per annum, compounded daily.

Instrument: convertible notes
Principal: $3,471,923.00
Counterparty: Streeterville Capital, LLC
Rate: 6% per annum, compounded daily
Event: incurrence

Exact text from the filing

consummated the exchange of certain outstanding secured convertible promissory notes held by Streeterville (as described below, collectively, the “Prior Notes”) for a new Pre-Paid Purchase issued by the Company in the original principal amount of $3,471,923.00

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Virtuix Holdings Inc. entered into Pre-Paid Purchase with Streeterville Capital, LLC valued at $3,471,923.00 (effective 2026-05-22).

Action: entry
Agreement: equity purchase
Counterparty: Streeterville Capital, LLC
Value: $3,471,923.00
Effective: 2026-05-22

Exact text from the filing

On May 22, 2026, Virtuix Holdings Inc. (the “Company”) and Streeterville Capital, LLC, a Utah limited liability company (“Streeterville”), consummated the exchange of certain outstanding secured convertible promissory notes held by Streeterville (as described below, collectively, the “Prior Notes”) for a new Pre-Paid Purchase issued by the Company in the original principal amount of $3,471,923.00 (the “Pre-Paid Purchase”).

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Virtuix Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-062908

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