AVAX One Announces Elimination of All Convertible Debt and Additional Share Repurchases
The convertible debt balance is now zero, while approximately $30.4 million remains available for share repurchases.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
AVAX One Technology (NASDAQ: AVX) has eliminated all remaining convertible debt and continued purchases under its share repurchase program.
The company eliminated approximately $970,000 in remaining convertible debt, bringing that balance to zero, following the elimination of more than $14.9 million of debt during the third quarter of 2026. In October 2026, it repurchased 710,000 common shares at an average $5.46 per share, including fees and commissions. Cumulative repurchases since November 2025 reached 1,496,761 shares as of October 31, 2026, adjusted for the June reverse split. Approximately $30.4 million remains under the $40 million program.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major pointDebt elimination exceeded $14.9 million during the third quarter of 2026. 37% of market cap
- Moderate pointRemaining convertible debt of approximately $970,000 eliminated, bringing the convertible debt balance to zero. 2.4% of market cap
- Moderate pointOctober 2026 repurchases returned capital through 710,000 common shares at $5.46 average, including fees and commissions.
- Minor pointRepurchase capacity remains approximately $30.4 million under the $40 million program.
Negative
- None.
News Explained
The
Key Figures
- Convertible debt eliminated
- Approximately $970,000
- Remaining outstanding debt eliminated; convertible debt balance brought to zero
- Debt eliminated
- More than $14.9 million
- Third quarter of 2026
- Shares repurchased
- 710,000 shares
- October 2026
- Average purchase price
- $5.46 per share
- October 2026; includes fees and commissions
- Cumulative shares repurchased
- 1,496,761 shares
- Since November 2025, as of October 31, 2026
- Repurchase program authorization
- $40 million
- Share repurchase program
- Program amount remaining
- Approximately $30.4 million
- Available under the share repurchase program
Previous Buybacks Reports
-
Reported 85,724 shares repurchased since June 30, with $35.5 million still available.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
convertible debt financial
reverse stock split financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Debt Reduction Further Strengthens Balance Sheet and Financial Flexibility
Repurchased 710,000 Shares in October 2026
WEST PALM BEACH, FL, Nov. 10, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”) today announced that it has eliminated all remaining convertible debt from its balance sheet and continued executing under its
Following the significant reduction in convertible debt announced on October 7, 2026, the Company has now eliminated the remaining approximately
In addition, in October 2026, AVAX One repurchased 710,000 of its common shares at an average purchase price of
“We have taken decisive steps to strengthen our financial position, simplify our capital structure and enhance shareholder value,” said Pete Wylie, Interim Chief Executive Officer and Chief Operating Officer of AVAX One. “With the elimination of all of our convertible debt, we have removed a significant financial overhang and positioned AVAX One with greater flexibility to execute on our strategic priorities. At the same time, we continue to view our share repurchase program as a compelling opportunity to deploy capital at what we believe are attractive valuations. Together, these actions reflect our commitment to disciplined financial management and building long-term value for our shareholders.”
Repurchases under the program may be made from time to time through open market purchases or other means permitted under applicable securities laws and regulations. The timing and amount of future repurchases, if any, will depend on market conditions, capital allocation priorities, regulatory requirements and other corporate considerations. The Company is not obligated to repurchase any specific number of shares, and the program may be modified, suspended or discontinued at any time.
About AVAX One Technology Ltd.
AVAX One Technology Ltd. (NASDAQ: AVX) is a digital infrastructure company accelerating the transition to an onchain financial economy. The Company maintains a strategic Avalanche digital asset treasury, accumulating AVAX and generating onchain yield through native staking and ecosystem participation. It also operates bitcoin mining facilities and develops modular data centers. These three pillars give public market investors unique exposure to both the onchain economy and the digital infrastructure layer. For more information, please visit www.avax-one.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “expect,” “intend,” “plan,” “could,” “may,” “will,” “would,” “believe,” “estimate,” “target,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others: risks relating to the Company’s operations and business, including the highly volatile nature of the price of Bitcoin, AVAX, and other digital assets, and the risk that the price of the Company’s securities may be highly correlated to the price of the digital assets it holds; plans to repurchase the Company’s common shares and the timing and amount of any such repurchases; increased competition in the data center, AI/HPC, and digital asset industries; and legal, commercial, regulatory, and technical uncertainties affecting the Company’s business, as well as those risks and uncertainties identified in the Company’s filings with the U.S. Securities and Exchange Commission. Actual results could differ materially from anticipated or preliminary results or estimates. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements, whether as a result of new information, future events, or otherwise.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
AVX@elevate-ir.com
Media Contact
Ethan Lyle
Prospero
avax-one@prospero.agency
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much convertible debt does AVAX One have remaining?
AVAX One has zero convertible debt after eliminating the remaining approximately $970,000. This follows the elimination of more than $14.9 million of debt during the third quarter of 2026.