{"success":true,"data":{"pressRelease":{"id":"163106","rtpr_id":"nGNX66qtSl-20261007","ticker":"AVX","exchange":"NASDAQ","all_tickers":["AVX"],"title":"AVAX One Announces Significant Balance Sheet Progress In Third Quarter 2026","author":"Globe Newswire","published_at":"2026-10-07T12:30:00.691Z","article_body":"Eliminated More Than $14.9 Million of Debt, Further Strengthening Capital\nStructure and Liquidity\n\nWEST PALM BEACH, FL, Oct. 07, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology\nLtd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced\nsignificant progress on strengthening its balance sheet during the third\nquarter of 2026, including a material reduction in near-term convertible debt\nand continued share repurchases during the quarter of 333,500 (as adjusted to\nreflect the Company’s one-for-twelve reverse stock split effected on June\n15, 2026).\n\nDuring the third quarter of 2026, approximately $7.1 million of convertible\ndebentures were converted into common shares, approximately $7.4 million of\ndebt was repaid by the Company and $0.4 million of debt was redeemed into\ncommon shares. As a result of these conversions, AVAX One has reduced its\nconvertible debt balance to approximately $970,000 as of September 30, 2026,\nstrengthening its balance sheet and enhancing financial flexibility and\nliquidity.\n\n“Q3 marked another period of strong progress for AVAX One, highlighted by a\nsignificant reduction in our outstanding convertible debt and continued\nexecution under our share repurchase program,” said Pete Wylie, Interim\nChief Executive Officer and Chief Operating Officer of AVAX One. “Over the\npast several months, we have simplified our balance sheet, preserved financial\nflexibility and allocated capital where we believe it can generate the\ngreatest value for shareholders. With a stronger financial foundation in\nplace, we believe we are well positioned to execute on our growth and\nprofitability initiatives as we enter the next phase of our digital asset\ntreasury strategy.”\n\nAs of September 30, 2026, AVAX One had approximately 9,987,248 million common\nshares outstanding, compared with approximately 7,363,270 million as of June\n30, 2026.\n\nAbout AVAX One Technology Ltd.\n\nAVAX One Technology Ltd. (NASDAQ: AVX) is a digital infrastructure company\naccelerating the transition to an onchain financial economy. The Company\nmaintains a strategic Avalanche digital asset treasury, accumulating AVAX and\ngenerating onchain yield through native staking and ecosystem participation.\nIt also operates bitcoin mining facilities and develops modular data centers.\nThese three pillars give public market investors unique exposure to both the\nonchain economy and the digital infrastructure layer. For more information,\nplease visit www.avax-one.com.\n\nForward Looking Statements\n\nThis press release includes forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. Forward-looking statements can\ngenerally be identified by the use of words such as “anticipate,”\n“expect,” “intend,” “plan,” “could,” “may,” “will,”\n“would,” “believe,” “estimate,” “target,” “project,” and\nother words of similar meaning. Each forward-looking statement contained in\nthis press release is subject to risks and uncertainties that could cause\nactual results to differ materially from those expressed or implied by such\nstatement. Applicable risks and uncertainties include, among others: risks\nrelating to the Company’s operations and business, including the highly\nvolatile nature of the price of Bitcoin, AVAX, and other digital assets, and\nthe risk that the price of the Company’s securities may be highly correlated\nto the price of the digital assets it holds; plans to repurchase the\nCompany’s common shares and the timing and amount of any such repurchases;\nincreased competition in the data center, AI/HPC, and digital asset\nindustries; and legal, commercial, regulatory, and technical uncertainties\naffecting the Company’s business, as well as those risks and uncertainties\nidentified in the Company’s filings with the U.S. Securities and Exchange\nCommission. Actual results could differ materially from anticipated or\npreliminary results or estimates. The forward-looking statements in this\npress release speak only as of the date of this document, and the Company\nundertakes no obligation to update or revise any of these statements, whether\nas a result of new information, future events, or otherwise.\n\nInvestor Relations Contact\nSean Mansouri, CFA or Aaron D’Souza\nElevate IR\n(720) 330-2829\nAVX@elevate-ir.com\n\nMedia Contact\nEthan Lyle\nProspero\navax-one@prospero.agency\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9708f625-ebde-4a0c-ab4a-58385ceb754f)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX66qtSl-20261007","title":"AVAX One Announces Significant Balance Sheet Progress In Third Quarter 2026","author":"Globe Newswire","ticker":"AVX","created":"2026-10-07T12:30:00.691Z","tickers":["AVX"],"exchange":"NASDAQ","article_body":"Eliminated More Than $14.9 Million of Debt, Further Strengthening Capital\nStructure and Liquidity\n\nWEST PALM BEACH, FL, Oct. 07, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology\nLtd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced\nsignificant progress on strengthening its balance sheet during the third\nquarter of 2026, including a material reduction in near-term convertible debt\nand continued share repurchases during the quarter of 333,500 (as adjusted to\nreflect the Company’s one-for-twelve reverse stock split effected on June\n15, 2026).\n\nDuring the third quarter of 2026, approximately $7.1 million of convertible\ndebentures were converted into common shares, approximately $7.4 million of\ndebt was repaid by the Company and $0.4 million of debt was redeemed into\ncommon shares. As a result of these conversions, AVAX One has reduced its\nconvertible debt balance to approximately $970,000 as of September 30, 2026,\nstrengthening its balance sheet and enhancing financial flexibility and\nliquidity.\n\n“Q3 marked another period of strong progress for AVAX One, highlighted by a\nsignificant reduction in our outstanding convertible debt and continued\nexecution under our share repurchase program,” said Pete Wylie, Interim\nChief Executive Officer and Chief Operating Officer of AVAX One. “Over the\npast several months, we have simplified our balance sheet, preserved financial\nflexibility and allocated capital where we believe it can generate the\ngreatest value for shareholders. With a stronger financial foundation in\nplace, we believe we are well positioned to execute on our growth and\nprofitability initiatives as we enter the next phase of our digital asset\ntreasury strategy.”\n\nAs of September 30, 2026, AVAX One had approximately 9,987,248 million common\nshares outstanding, compared with approximately 7,363,270 million as of June\n30, 2026.\n\nAbout AVAX One Technology Ltd.\n\nAVAX One Technology Ltd. (NASDAQ: AVX) is a digital infrastructure company\naccelerating the transition to an onchain financial economy. The Company\nmaintains a strategic Avalanche digital asset treasury, accumulating AVAX and\ngenerating onchain yield through native staking and ecosystem participation.\nIt also operates bitcoin mining facilities and develops modular data centers.\nThese three pillars give public market investors unique exposure to both the\nonchain economy and the digital infrastructure layer. For more information,\nplease visit www.avax-one.com.\n\nForward Looking Statements\n\nThis press release includes forward-looking statements within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended. Forward-looking statements can\ngenerally be identified by the use of words such as “anticipate,”\n“expect,” “intend,” “plan,” “could,” “may,” “will,”\n“would,” “believe,” “estimate,” “target,” “project,” and\nother words of similar meaning. Each forward-looking statement contained in\nthis press release is subject to risks and uncertainties that could cause\nactual results to differ materially from those expressed or implied by such\nstatement. Applicable risks and uncertainties include, among others: risks\nrelating to the Company’s operations and business, including the highly\nvolatile nature of the price of Bitcoin, AVAX, and other digital assets, and\nthe risk that the price of the Company’s securities may be highly correlated\nto the price of the digital assets it holds; plans to repurchase the\nCompany’s common shares and the timing and amount of any such repurchases;\nincreased competition in the data center, AI/HPC, and digital asset\nindustries; and legal, commercial, regulatory, and technical uncertainties\naffecting the Company’s business, as well as those risks and uncertainties\nidentified in the Company’s filings with the U.S. Securities and Exchange\nCommission. Actual results could differ materially from anticipated or\npreliminary results or estimates. The forward-looking statements in this\npress release speak only as of the date of this document, and the Company\nundertakes no obligation to update or revise any of these statements, whether\nas a result of new information, future events, or otherwise.\n\nInvestor Relations Contact\nSean Mansouri, CFA or Aaron D’Souza\nElevate IR\n(720) 330-2829\nAVX@elevate-ir.com\n\nMedia Contact\nEthan Lyle\nProspero\navax-one@prospero.agency\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9708f625-ebde-4a0c-ab4a-58385ceb754f)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-07T12:30:01.083227338Z","server_sent_at_ms":1791376201083},"received_at":"2026-10-07T12:30:01.133Z","source_url":null},"analysis":{"id":"151577","press_release_id":"163106","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["shares outstanding increased ~36% quarter-over-quarter (7.36M to 9.99M) from debt-for-equity conversions","share price likely highly correlated to volatile digital assets (AVAX, Bitcoin) per risk disclosures","interim CEO in place — no permanent chief executive named"],"eventType":"other","narrative":"AVAX One eliminated more than $14.9 million of debt in Q3 2026, cutting its remaining convertible debt balance to roughly $970,000 as of September 30.\n\nThe reduction came via $7.1 million of debentures converted into shares, $7.4 million of debt repaid, and $0.4 million redeemed into equity, alongside repurchases of 333,500 shares (split-adjusted).\n\nInterim CEO Pete Wylie said the company is now positioned to execute its growth and digital asset treasury strategy, though shares outstanding rose from about 7.36 million to 9.99 million during the quarter due to the debt-to-equity conversions.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Deleveraging milestone for a small-cap crypto-treasury company — cleaner balance sheet but equity conversions drove meaningful dilution."},"keyFigures":{"customDimensions":{"debt_repaid":"$7.4 million","debt_eliminated":"$14.9 million","reverse_split_ratio":"one-for-twelve","shares_repurchased_q3":333500,"debt_redeemed_to_shares":"$0.4 million","shares_outstanding_jun_30":"approximately 7,363,270","shares_outstanding_sep_30":"approximately 9,987,248","convertible_debt_converted":"$7.1 million","remaining_convertible_debt":970000}},"quotedText":"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","namedEntities":{"people":[{"name":"Pete Wylie","role":"Interim CEO and COO"},{"name":"Sean Mansouri","role":"Investor Relations contact, Elevate IR"},{"name":"Aaron D'Souza","role":"Investor Relations contact, Elevate IR"},{"name":"Ethan Lyle","role":"Media contact, Prospero"}],"products":["Avalanche (AVAX) digital asset treasury","bitcoin mining facilities","modular data centers"],"companies":[{"name":"AVAX One Technology Ltd.","ticker":"AVX","relationship":"filer"},{"name":"Elevate IR","relationship":"investor relations firm"},{"name":"Prospero","relationship":"media relations firm"}],"dollarAmounts":[{"amount":"$14.9 Million","context":"total debt eliminated in Q3 2026"},{"amount":"$7.1 million","context":"convertible debentures converted into common shares"},{"amount":"$7.4 million","context":"debt repaid by the company"},{"amount":"$0.4 million","context":"debt redeemed into common shares"},{"amount":"$970,000","context":"remaining convertible debt balance as of September 30, 2026"}]},"materialImpact":{"score":2,"reasoning":"Material balance-sheet improvement — over $14.9M of debt eliminated via conversion, repayment, and redemption, reducing convertible debt to ~$970K — but it is an operational update with no earnings or strategic event. Partially offset by significant share-count growth from debt-for-equity conversions."},"tickerRelevance":{"others":[],"primary":"AVX"},"globalImportance":20,"audienceRelevance":30,"eventTypeSecondary":["buyback"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"balance-sheet update / deleveraging","dilutionOffset":"share count up ~36% QoQ","cryptoTreasuryBoost":true}},"event_type":"other","event_type_secondary":["buyback"],"sentiment":"bullish","material_impact_score":2,"narrative":"AVAX One eliminated more than $14.9 million of debt in Q3 2026, cutting its remaining convertible debt balance to roughly $970,000 as of September 30.\n\nThe reduction came via $7.1 million of debentures converted into shares, $7.4 million of debt repaid, and $0.4 million redeemed into equity, alongside repurchases of 333,500 shares (split-adjusted).\n\nInterim CEO Pete Wylie said the company is now positioned to execute its growth and digital asset treasury strategy, though shares outstanding rose from about 7.36 million to 9.99 million during the quarter due to the debt-to-equity conversions.","key_figures":{"customDimensions":{"debt_repaid":"$7.4 million","debt_eliminated":"$14.9 million","reverse_split_ratio":"one-for-twelve","shares_repurchased_q3":333500,"debt_redeemed_to_shares":"$0.4 million","shares_outstanding_jun_30":"approximately 7,363,270","shares_outstanding_sep_30":"approximately 9,987,248","convertible_debt_converted":"$7.1 million","remaining_convertible_debt":970000}},"named_entities":{"people":[{"name":"Pete Wylie","role":"Interim CEO and COO"},{"name":"Sean Mansouri","role":"Investor Relations contact, Elevate IR"},{"name":"Aaron D'Souza","role":"Investor Relations contact, Elevate IR"},{"name":"Ethan Lyle","role":"Media contact, Prospero"}],"products":["Avalanche (AVAX) digital asset treasury","bitcoin mining facilities","modular data centers"],"companies":[{"name":"AVAX One Technology Ltd.","ticker":"AVX","relationship":"filer"},{"name":"Elevate IR","relationship":"investor relations firm"},{"name":"Prospero","relationship":"media relations firm"}],"dollarAmounts":[{"amount":"$14.9 Million","context":"total debt eliminated in Q3 2026"},{"amount":"$7.1 million","context":"convertible debentures converted into common shares"},{"amount":"$7.4 million","context":"debt repaid by the company"},{"amount":"$0.4 million","context":"debt redeemed into common shares"},{"amount":"$970,000","context":"remaining convertible debt balance as of September 30, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T12:30:19.696Z","global_importance":20,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"balance-sheet update / deleveraging","dilutionOffset":"share count up ~36% QoQ","cryptoTreasuryBoost":true}},"durationMs":8647,"modelName":"glm-5.3-flashx"}}