AVAX ONE TECHNOLOGY LTD.

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.

AVAX One Technology Ltd. announced its participation in two upcoming investor conferences in June 2026. CEO Jolie Kahn will speak at Maxim Group's Architecting Tomorrow: The AI Data Center Summit on June 11, focusing on the AI data center landscape. Additionally, the executive team will hold 1x1 meetings and host a presentation at Sidoti's Small Cap Virtual Conference on June 17-18, providing a forum for interaction with institutional investors.

AVAX One Technology Ltd. announced an update on its $40 million share repurchase program. Between May 25 and May 29, 2026, the company repurchased 45,200 shares of its common stock at an average price of $0.60 per share. As of May 29, 2026, AVAX One has repurchased a total of 4,081,203 shares since November 2025.

AVAX One Technology, Ltd. held its Annual Meeting of Shareholders on May 29, 2026, where key proposals were voted upon. Shareholders approved a reverse stock split of the company's common shares in a ratio of 1:2 to 1:12. Additionally, five directors were elected, and CBIZ CPAs P.C. was ratified as the independent auditor for the fiscal year ending December 31, 2026. The 2025 compensation for named executive officers also received advisory approval.

AVAX One Technology Ltd. announced an update on its $40 million share repurchase program. Between May 18 and May 22, 2026, the company repurchased 500,000 common shares at an average price of $0.58 per share. Since November 2025, AVAX One has repurchased a total of 4,068,003 shares, emphasizing its commitment to a disciplined capital allocation strategy to maximize shareholder value.