Virtuix Holdings (NASDAQ: VTIX) lowers Streeterville warrant strike to $3
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Virtuix Holdings Inc. entered into amendments with Streeterville Capital, LLC to change the exercise price on certain existing warrants for Class A Common Stock during a previously established reduced-price period. The exercise price, which had been set at $4.00 per warrant share, is now $3.00 per warrant share while this Reduced Exercise Price Period remains in effect.
The warrants continue to expire on July 27, 2026, and all other terms remain unchanged. Virtuix may end the Reduced Exercise Price Period at any time by giving two trading days’ prior written notice, after which the exercise price reverts to the Nasdaq Valuation Price defined in the original warrants.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Prior reduced exercise price: $4.00 per warrant share
New reduced exercise price: $3.00 per warrant share
Warrant expiration date: July 27, 2026
+1 more
4 metrics
Prior reduced exercise price
$4.00 per warrant share
Reduced Exercise Price Period before amendment
New reduced exercise price
$3.00 per warrant share
Reduced Exercise Price Period after June 29, 2026 amendment
Warrant expiration date
July 27, 2026
Expiration for the amended warrants
Notice period to end reduced pricing
Two trading days
Prior written notice required to terminate Reduced Exercise Price Period
Key Terms
Material Definitive Agreement, warrants to purchase shares of Class A Common Stock, Reduced Exercise Price Period, Nasdaq Valuation Price, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Reduced Exercise Price Period financial
"a reduced exercise price period (the “Reduced Exercise Price Period”) during which the exercise price was amended"
Nasdaq Valuation Price financial
"exercise price will revert to the Nasdaq Valuation Price as set forth in the applicable original warrant"
Emerging Growth Company regulatory
"Emerging Growth Company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What change did Virtuix Holdings (VTIX) make to its warrants?
Virtuix reduced the exercise price on certain warrants from $4.00 to $3.00 per share during an existing Reduced Exercise Price Period. All other warrant terms remain in effect, including the original expiration date.
Who is the counterparty to Virtuix Holdings’ amended warrants?
The amended warrants are held by Streeterville Capital, LLC. Virtuix and Streeterville agreed to lower the warrant exercise price during the Reduced Exercise Price Period while keeping the other key warrant terms unchanged.
How long do the amended Virtuix (VTIX) warrants remain outstanding?
The warrants affected by the amendments continue to expire on July 27, 2026. The amendment only adjusts the exercise price during the Reduced Exercise Price Period and does not extend the warrants’ original expiration date.
Can Virtuix Holdings change the reduced warrant exercise price period early?
Yes. Virtuix may terminate the Reduced Exercise Price Period at any time by giving two trading days’ prior written notice to the investor, after which the exercise price reverts to the Nasdaq Valuation Price in the original warrants.
What happens to the Virtuix warrant price after the Reduced Exercise Price Period ends?
After the Reduced Exercise Price Period ends or is terminated by Virtuix, the warrant exercise price will revert to the Nasdaq Valuation Price as defined in the original warrant documents, rather than the temporary $3.00 level.
Filing Exhibits & Attachments
6 documentsOther Documents
- EX-4.1 AMENDMENT TO WARRANT TO PURCHASE SHARES OF CLASS A COMMON STOCK (EQUITY FINANCIN 12.9 KB
- EX-4.2 AMENDMENT TO WARRANT TO PURCHASE SHARES OF CLASS A COMMON STOCK (SECOND DEBT FIN 13.1 KB
- EX-4.3 AMENDMENT TO WARRANT TO PURCHASE SHARES OF CLASS A COMMON STOCK (THIRD DEBT FINA 13.0 KB
- EX-101 XBRL SCHEMA FILE 2.9 KB
- EX-101 XBRL LABEL FILE 33.4 KB
- EX-101 XBRL PRESENTATION FILE 21.8 KB