Virtuix Holdings Inc.: receives Nasdaq notice of noncompliance with $50,000,000 MVLS

What happened Virtuix Holdings Inc. announced that on Sep 30, 2026 it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Notice”). The Notice informed the company that, based on Nasdaq’s review of the company’s market value of listed securities for the last 30 consecutive business days from Aug 18, 2026 to Sep 29, 2026, the company no longer meets the minimum market value of listed securities requirement of $50,000,000 for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). The Notice also stated the company does not meet the alternative total assets and total revenue standard under Nasdaq Listing Rule 5450(b)(3)(A). The Notice has no immediate effect on listing or trading and the company’s Class A common stock will continue to trade on Nasdaq under the symbol "VTIX."

Key details

• Nasdaq provided a 180 calendar day compliance period, until Mar 29, 2027, to regain compliance with the $50,000,000 MVLS requirement.
• The review period cited was Aug 18, 2026 to Sep 29, 2026 (30 consecutive business days).
• If the company’s MVLS closes at $50,000,000 or more for 10 consecutive business days before Mar 29, 2027, Nasdaq will provide written confirmation of compliance.
• If the company does not regain compliance by Mar 29, 2027, Nasdaq will notify the company that its securities are subject to delisting; the company may appeal to a Nasdaq Hearings Panel or consider applying to transfer to The Nasdaq Capital Market.

Why it may matter The filing reports Item 3.01: notice of delisting or failure to satisfy a continued listing rule or standard, which covers Nasdaq’s determination that the company did not meet the MVLS requirement and the compliance process described in the Notice. A filing does not show why the insider traded or why the company acted.