Virtuix Holdings Inc. entered into a material debt exchange agreement with Streeterville Capital, LLC, on March 31, 2026. The agreement refinances the company's 2024 Subordinated Promissory Notes, which were maturing, by exchanging them for a new promissory note with more favorable terms.
Key Details
- New Promissory Note: Virtuix issued a new "Exchange Note" with an original principal amount of $2,681,718.42, which matures on July 1, 2027.
- Improved Terms: The new note bears a 6% annual interest rate, replacing the prior notes which had an 18% interest rate and were due to mature on March 31, 2026.
- Redemption & Guaranty: Streeterville has the right to require monthly redemptions of up to $111,738.27 beginning July 1, 2026. The company's obligations under the new note are guaranteed by its subsidiary, Virtuix Inc.