AVAX One cuts convertible debt to $970K in Q3 2026

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Go back to AVAX One cuts convertible debt to $970K in Q3 2026

AVAX One Announces Significant Balance Sheet Progress In Third Quarter 2026

October 7, 2026 8:30 AM EDT

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 Companys one-for-twelve reverse stock split effected on June 15, 2026).

During the third quarter of 2026, approximately $7.1 million of convertible... More