On April 2, 2026, Virtuix Holdings Inc. filed an 8-K report detailing its entry into an Exchange Agreement with Streeterville Capital, LLC. The agreement involves the exchange of certain outstanding 2024 Subordinated Promissory Notes for a new promissory note valued at $2,681,718.42. This new note carries an interest rate of 6% per annum and is set to mature on July 1, 2027. The exchange is intended to qualify under Section 3(a)(9) of the Securities Act of 1933, which allows for the exchange of securities without registration. The prior notes, which bore an interest rate of 18% and were due on March 31, 2026, were exchanged without any additional consideration from Streeterville. The new note includes an original issue discount of $242,883.49 and covers transaction expenses of $10,000. Starting July 1, 2026, Streeterville has the right to require monthly redemptions of up to $111,738.27. The obligations under the new note are guaranteed by Virtuix Inc., a subsidiary of Virtuix Holdings. This transaction is expected to improve the company's liquidity position by restructuring its debt obligations, although it may also lead to dilution concerns if the company needs to raise additional capital in the future.

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