AVAX ONE TECHNOLOGY LTD.

AVAX One Technology Ltd. reported a net loss of $(81.5) million for the first six months of 2026, with revenue reaching $5.3 million. The company also announced it regained compliance with Nasdaq's minimum bid price requirement on July 8, 2026, following a 1:12 reverse stock split in June 2026. Total assets decreased significantly to $123.2 million, primarily due to unrealized losses on digital assets and impairment of liquid staking tokens.

AVAX One Technology Ltd. announced the successful restructuring of its convertible debt facility, retiring approximately $6.8 million in outstanding principal. This involved full repayment to two institutional investors and a reduction and amendment of debentures held by a third, including increasing the minimum cash and bitcoin covenant to $3.5 million. The company funded this with cash on hand and an escrow receivable reduction, aiming to strengthen its balance sheet and focus on strategic initiatives.

AVAX One Technology Ltd. announced a significant restructuring of its convertible debt facility, retiring approximately $6.8 million in outstanding debentures. This involved fully repaying and canceling debentures held by two institutional investors. Additionally, the company amended an agreement with a third investor, increasing the principal amount of their debenture from $7.7 million to $8.47 million, while also making a partial repayment of $1.05 million and modifying covenants, including raising the minimum cash and Bitcoin requirement from $100,000 to $3.5 million. The company stated this action strengthens its balance sheet and reduces near-term liabilities.

AVAX One Technology Ltd. announced it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The company received formal notice from Nasdaq confirming its common stock maintained a closing bid price at or above the requirement for 10 consecutive trading days. However, AVAX One will be subject to a mandatory one-year panel monitor by Nasdaq, meaning future non-compliance with the bid price rule will not allow for a new compliance plan or cure period. The company reiterated its focus on its growth strategy, including its Avalanche digital asset treasury, Bitcoin mining, and AI infrastructure.

AVAX One Technology Ltd. announced that Jolie Kahn departed from her role as Chief Executive Officer on July 3, 2026, by mutual agreement. Peter Wylie Jr., the current Chief Operating Officer, has been appointed interim CEO and will receive $40,000 per month for his increased responsibilities. In connection with her departure, Ms. Kahn will receive a $160,000 cash payment and $250,000 in unregistered common stock. The Board of Directors has begun a search for a permanent successor, retaining ZRG Partners to assist in the process.

AVAX One Technology Ltd. announced that Jolie Kahn has resigned as Chief Executive Officer, effective immediately. The Board of Directors has appointed Pete Wylie, the Company's Chief Operating Officer, as Interim CEO, who will also continue in his COO role. The Board has initiated a comprehensive search for a permanent successor and has retained ZRG Partners to assist in the process. Ms. Kahn's departure was not a result of any disagreement with the Company's operations or practices.

AVAX One Technology Ltd. announced it has signed a non-binding letter of intent to acquire the Bantry Data Site, an energy-advantaged data center site in Alberta, Canada, for $2.3 million. This acquisition marks the first step in the company's power-first data center expansion across Western Canada, focusing on AI and HPC infrastructure. The transaction is subject to due diligence and a definitive agreement, with a targeted closing date of August 1, 2026.

AVAX One Technology Ltd. announced the launch of an initial AI inference pilot at its Redwater facility, aiming to convert approximately 100 kilowatts of excess capacity from Bitcoin mining to AI workloads. The pilot is expected to be operational within approximately 12 weeks and will serve as a proof point for the company's AI/HPC data center program in Alberta. Management anticipates that AI inference can generate a significant multiple of Bitcoin mining's gross revenue per kilowatt-hour, and the pilot will validate these economic assumptions and demand aggregation for future projects, including a 10 MW facility targeted for Q1 2027.

AVAX One Technology Ltd. announced its Board of Directors approved a 1-for-12 reverse stock split of its common shares, effective June 15, 2026. This action, approved by shareholders on May 29, 2026, aims to meet Nasdaq's minimum bid price requirement. The split will reduce the outstanding shares from 92,335,381 to approximately 7,694,615, with fractional shares being cashed out.

AVAX One Technology Ltd. announced it has posted a new investor presentation on its company website. The presentation, dated June 2026, provides updated information for investors and is also filed as Exhibit 99.1 to the Form 8-K. This update aims to keep stakeholders informed about the company's current status and future outlook.