Virtuix Holdings, which develops treadmills for VR/AR gaming and fitness purposes, filed on Tuesday to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock listed will be sold by existing shareholders; Virtuix Holdings will not raise new capital in its listing. The company did not disclose a reference price or anticipated timing of its listing.
For the year ended March 31, 2025, the company disclosed a volume-weighted average share price of approximately $5.41. If the company listed its shares at that price, it would command a market cap of $209 million.
Virtuix specializes in omni-directional treadmills for virtual reality applications, offering products like Omni One, Omni Arena, Omni Care, Omniverse, and Omni Pro across consumer, enterprise, and defense markets. It has shipped over 4,000 Omni Pro units to more than 45 countries, installed 80 Omni Arena systems in US entertainment centers with a player base of over 500,000, and delivered 1,800 Omni One units since its launch in September 2024. Additionally, Virtuix operates a production facility in Zhuhai, China.
The Austin, TX-based company was founded in 2013 and booked $5 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol VTIX. Virtuix Holdings filed confidentially on August 11, 2025. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Maxim Group LLC will serve as a financial advisor.
