AVAX One Announces Significant Balance Sheet Progress In Third Quarter 2026
Key Highlights
- ➤$14.9 million debt eliminated during third quarter 2026
- ➤Convertible debt reduced to approximately $970,000 by September 30
- ➤333,500 shares repurchased during the quarter
- ➤$7.1 million convertible debentures converted into common shares
- ➤$7.4 million debt repaid by AVAX One
Expert Statements
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“Q3 marked another period of strong progress for AVAX One, highlighted by a significant reduction in our outstanding convertible debt and continued execution under our share repurchase program”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“Over the past several months, we have simplified our balance sheet, preserved financial flexibility and allocated capital where we believe it can generate the greatest value for shareholders.”
Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One
“With a stronger financial foundation in place, we believe we are well positioned to execute on our growth and profitability initiatives as we enter the next phase of our digital asset treasury strategy.”
Eliminated More Than $14.9 Million of Debt, Further Strengthening Capital Structure and Liquidity
WEST PALM BEACH, FL, Oct. 07, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced significant progress on strengthening its balance sheet during the third quarter of 2026, including a material reduction in near-term convertible debt and continued share repurchases during the quarter of 333,500 (as adjusted to reflect the Company’s one-for-twelve reverse stock split effected on June 15, 2026).
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