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AVAX One Announces 12-for-1 Reverse Stock Split to Meet Nasdaq Listing Rule
AVAX One Technology Ltd. (NASDAQ: AVX) has announced that its board has approved a 12‑for‑1 reverse stock split of its common shares, a move designed to keep the company compliant with Nasdaq’s minimum bid‑price rule.
The split will combine every twelve existing shares into one new share, with any fractional shares paid out in cash. The change takes effect at the opening of trading on June 15 2026.
Shareholders voted in favor of the split at the company’s annual meeting on May 29 2026. As of the close of business on June 10 2026, AVAX One had 92,335,381 common shares outstanding; the split will reduce that number to 7,694,615.
AVAX One said the reverse split is being implemented to satisfy Nasdaq Listing Rule 5550(a)(2), which requires a closing bid price of at least $1.00. By consolidating the share count, the company expects the per‑share price to rise, helping it maintain compliance with the exchange’s minimum price requirement.
The public digital‑infrastructure firm is headquartered in West Palm Beach, Florida, and builds power‑first, modular data centers in energy‑advantaged regions. Its facilities use behind‑the‑meter generation and microgrid design to deliver reliable, cost‑efficient compute capacity for artificial‑intelligence and high‑performance‑computing workloads. AVAX One also operates Bitcoin mining facilities in Alberta and Ohio, with a combined hashrate of roughly 300 petahashes per second.
In addition to its physical infrastructure, the company maintains a strategic treasury of Avalanche’s native token, AVAX. The treasury is used to generate on‑chain yield through staking and participation in the Avalanche ecosystem, providing a source of income that is tied to the performance of the blockchain platform.
The press release, issued via GlobeNewswire, contains forward‑looking statements. The company’s forward‑looking remarks are subject to risks and uncertainties, including market volatility of AVAX and other cryptocurrencies, regulatory developments, and the performance of its mining operations.
AVAX One’s reverse split is part of a broader effort to strengthen its market presence. The company’s digital‑asset treasury, data‑center portfolio, and mining operations together give investors exposure to both the infrastructure layer that supports blockchain applications and the on‑chain economy itself.
The company’s website, www.avax‑one.com, provides additional information about its data‑center projects, mining facilities, and Avalanche treasury strategy.
The reverse split will be reflected in the company’s share count and trading price on June 15 2026. Investors who hold fractional shares will receive cash payments in accordance with the split ratio.
AVAX One’s announcement follows a series of corporate actions, including a 2026 annual meeting that also addressed director re‑elections and auditor appointments. The company’s board and shareholders have taken steps to align the company’s capital structure with Nasdaq’s listing requirements.
The reverse split does not change the company’s market capitalization or the underlying value of its assets; it simply consolidates the share count, a common practice for companies that need to meet exchange price thresholds.
AVAX One’s focus on energy‑efficient data centers, Bitcoin mining, and Avalanche staking positions it at the intersection of several growing segments of the digital‑asset ecosystem. The company’s compliance with Nasdaq rules and its ongoing operations are likely to remain key topics for investors and analysts in the coming months.
The reverse split will be effective at the open of trading on June 15 2026, and will be reflected in the company’s share count and price thereafter. The company has not announced any additional changes to its capital structure beyond the split.
AVAX One’s reverse split is a routine corporate action aimed at maintaining compliance with Nasdaq’s minimum bid‑price rule. The company’s continued focus on digital infrastructure, mining, and Avalanche staking will likely remain central to its strategy and investor communications.
The split will combine every twelve existing shares into one new share, with any fractional shares paid out in cash. The change takes effect at the opening of trading on June 15 2026.
Shareholders voted in favor of the split at the company’s annual meeting on May 29 2026. As of the close of business on June 10 2026, AVAX One had 92,335,381 common shares outstanding; the split will reduce that number to 7,694,615.
AVAX One said the reverse split is being implemented to satisfy Nasdaq Listing Rule 5550(a)(2), which requires a closing bid price of at least $1.00. By consolidating the share count, the company expects the per‑share price to rise, helping it maintain compliance with the exchange’s minimum price requirement.
The public digital‑infrastructure firm is headquartered in West Palm Beach, Florida, and builds power‑first, modular data centers in energy‑advantaged regions. Its facilities use behind‑the‑meter generation and microgrid design to deliver reliable, cost‑efficient compute capacity for artificial‑intelligence and high‑performance‑computing workloads. AVAX One also operates Bitcoin mining facilities in Alberta and Ohio, with a combined hashrate of roughly 300 petahashes per second.
In addition to its physical infrastructure, the company maintains a strategic treasury of Avalanche’s native token, AVAX. The treasury is used to generate on‑chain yield through staking and participation in the Avalanche ecosystem, providing a source of income that is tied to the performance of the blockchain platform.
The press release, issued via GlobeNewswire, contains forward‑looking statements. The company’s forward‑looking remarks are subject to risks and uncertainties, including market volatility of AVAX and other cryptocurrencies, regulatory developments, and the performance of its mining operations.
AVAX One’s reverse split is part of a broader effort to strengthen its market presence. The company’s digital‑asset treasury, data‑center portfolio, and mining operations together give investors exposure to both the infrastructure layer that supports blockchain applications and the on‑chain economy itself.
The company’s website, www.avax‑one.com, provides additional information about its data‑center projects, mining facilities, and Avalanche treasury strategy.
The reverse split will be reflected in the company’s share count and trading price on June 15 2026. Investors who hold fractional shares will receive cash payments in accordance with the split ratio.
AVAX One’s announcement follows a series of corporate actions, including a 2026 annual meeting that also addressed director re‑elections and auditor appointments. The company’s board and shareholders have taken steps to align the company’s capital structure with Nasdaq’s listing requirements.
The reverse split does not change the company’s market capitalization or the underlying value of its assets; it simply consolidates the share count, a common practice for companies that need to meet exchange price thresholds.
AVAX One’s focus on energy‑efficient data centers, Bitcoin mining, and Avalanche staking positions it at the intersection of several growing segments of the digital‑asset ecosystem. The company’s compliance with Nasdaq rules and its ongoing operations are likely to remain key topics for investors and analysts in the coming months.
The reverse split will be effective at the open of trading on June 15 2026, and will be reflected in the company’s share count and price thereafter. The company has not announced any additional changes to its capital structure beyond the split.
AVAX One’s reverse split is a routine corporate action aimed at maintaining compliance with Nasdaq’s minimum bid‑price rule. The company’s continued focus on digital infrastructure, mining, and Avalanche staking will likely remain central to its strategy and investor communications.
