StockWatch
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Computer peripheral equipment
Business UpdateMay 29, 2026, 05:02 PM

Virtuix Wins US Air Force Contract; Expands into AI Therapy

AI Summary

Virtuix Holdings Inc. announced significant business developments, including its selection by the U.S. Air Force for Phase I funding under the AFWERX SBIR program to develop its Virtual Terrain Walk (VTW) platform for military mission planning. Additionally, the company expanded into AI-assisted neurodivergent therapy through a collaboration with Rutgers University, which deployed the Omni One platform for research. Concurrently, Virtuix consummated an exchange of outstanding secured convertible promissory notes for a new Pre-Paid Purchase in the principal amount of $3,471,923.00, bearing 6% annual interest.

Key Highlights

  • US Air Force selected Virtuix for Virtual Terrain Walk (VTW) platform.
  • Secured Phase I funding under AFWERX SBIR program for VTW development.
  • Rutgers University deployed Omni One for AI-assisted neurodivergent therapy research.
  • Global ASD treatment market projected to grow from $9.2B (2026) to $18B (2034).
  • Exchanged prior notes for new Pre-Paid Purchase of $3,471,923.00.
  • Pre-Paid Purchase bears 6% annual interest, compounded daily.
  • Investor (Streeterville) limited to 9.99% beneficial ownership of common stock.