AVAX One Announces Elimination of All Convertible Debt and Additional Share Repurchases
Key Highlights
- ➤AVAX One eliminates remaining approximately $970,000 convertible debt
- ➤October repurchases total 710,000 shares at $5.46 average
- ➤Cumulative repurchases reach 1,496,761 shares since November 2025
- ➤Approximately $30.4 million remains under $40 million repurchase program
Expert Statements
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“We have taken decisive steps to strengthen our financial position, simplify our capital structure and enhance shareholder value”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“With the elimination of all of our convertible debt, we have removed a significant financial overhang and positioned AVAX One with greater flexibility to execute on our strategic priorities.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“At the same time, we continue to view our share repurchase program as a compelling opportunity to deploy capital at what we believe are attractive valuations.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“Together, these actions reflect our commitment to disciplined financial management and building long-term value for our shareholders.”
Debt Reduction Further Strengthens Balance Sheet and Financial Flexibility
WEST PALM BEACH, FL, Nov. 10, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”) today announced that it has eliminated all remaining convertible debt from its balance sheet and continued executing under its $40 million share repurchase program, further demonstrating its commitment to disciplined capital allocation and long-term shareholder value creation.
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