Corporate ActionJun 25, 2026, 04:37 PM
Virtuix Holdings Completes Nasdaq Direct Listing, Secures $8M Initial Equity Advance
AI Summary
Virtuix Holdings Inc. completed its direct listing on the Nasdaq Global Market on January 27, 2026, following a reclassification of all capital stock into Class A common stock. The company secured significant financing, including an initial $8 million net advance from Streeterville Capital's $50 million equity purchase agreement, alongside various convertible notes and warrant exercises. Operationally, Virtuix scaled shipments of its Omni One product, generating over $4 million in revenue from 1,800 units by September 2025, and advanced its Virtual Terrain Walk (VTW) defense product with key military engagements.
Key Highlights
- Class A common stock commenced trading on Nasdaq Global Market on January 27, 2026.
- All capital stock reclassified into Class A common stock on August 7, 2025.
- Secured initial $8 million net advance from Streeterville's $50 million equity purchase agreement.
- Issued $2.22 million, $0.56 million, and $0.56 million in secured convertible notes to Streeterville.
- Shipped 1,800 Omni One units by September 2025, generating over $4 million in revenue.
- VTW defense product advanced with sales to US Air Force, Marine Corps, and Navy.
- Total of 28,898,026 Class A and 4,000,000 Class B common shares outstanding as of June 24, 2026.
Price Impact
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