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AVAX One Announces Elimination of All Convertible Debt and Additional Share Repurchases

  • AVAX One Technology Ltd. eliminated all remaining convertible debt, reducing the balance to zero.
  • The company removed approximately $970,000 in outstanding debt following a prior reduction of over $14.9 million in Q3 2026.
  • In October 2026, the company repurchased 710,000 common shares at an average price of $5.46 per share.
  • Cumulative share repurchases since November 2025 total 1,496,761 shares, adjusted for a one-for-twelve reverse split enacted on June 15, 2026.
  • Approximately $30.4 million remains available under the company's $40 million share repurchase program.
  • Interim CEO Pete Wylie stated these actions strengthen the financial position, simplify the capital structure, and remove a financial overhang.
  • The company operates as a digital infrastructure firm with a strategic Avalanche treasury, bitcoin mining facilities, modular data centers.
  • Future repurchases depend on market conditions, capital allocation priorities, regulatory requirements, and other corporate considerations.
Company
AVAX One Technology Ltd.
Keywords
Nasdaq:AVX, AVAX One Technology Ltd., AVAX One Technology Ltd, NASDAQ: AVX, All Convertible Debt, Additional Share Repurchases, Pete Wylie, digital infrastructure