Virtuix Restructures $3.5M Debt with Streeterville Capital via New Purchase Agreement

Virtuix Holdings Inc. has entered into a material agreement with Streeterville Capital, LLC to restructure its debt. The company exchanged three outstanding secured convertible promissory notes for a new, unsecured Pre-Paid Purchase agreement with an original principal amount of $3,471,923.

Key Details

• Agreement: On May 22, 2026, Virtuix replaced prior notes from 2025 with a new Pre-Paid Purchase agreement held by Streeterville Capital.
• Financial Terms: The new unsecured agreement has a principal amount of $3,471,923, bears a 6% annual interest rate, and includes prepayment premiums ranging from 105% to 120%.
• Share Purchase Right: Streeterville Capital has the right to purchase shares of Virtuix's Class A common stock by issuing purchase notices, which will offset the outstanding balance of the agreement. The investor is prohibited from beneficially owning more than 9.99% of outstanding common stock at any time.