Virtuix exchanges $2.7M of 18% debt for new 6% note with monthly redemption rights

Filed April 2, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Company restructured $2.68M of maturing 18% subordinated notes into new 6% note due July 2027, avoiding immediate repayment but adding $243K discount and $10K fees to principal balance.

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• high

  Starting July 2026, lender Streeterville Capital can demand monthly repayments up to $112K with just two trading days' notice, creating potential liquidity pressure on short notice.

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• medium

  Subsidiary Virtuix Inc. guaranteed the debt, putting subsidiary assets at risk if parent company defaults on obligations to Streeterville.

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