AVAX One Announces Update on Share Repurchase Program
Rhea-AI Summary
AVAX One (NASDAQ: AVX) provided an update on its $40 million share repurchase program. Between May 18–22, 2026, the company bought 500,000 shares at an average price of $0.58 per share. As of May 22, 2026, 4,068,003 shares have been repurchased since November 2025.
AI-generated analysis. Not financial advice.
Positive
- Repurchased 500,000 shares between May 18–22, 2026 at $0.58 average price
- Total 4,068,003 shares repurchased since November 2025 under buyback program
- $40 million share repurchase program supports capital allocation strategy focused on value per share
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks were flagged in the momentum scanner, suggesting this buyback update was a company-specific catalyst rather than part of a broader Finance Services move.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 05 | Share repurchases update | Positive | +2.0% | Disclosure of 2,423,383 shares repurchased under the $40M program. |
| Nov 20 | Buyback program launch | Positive | +10.0% | Board authorization of up to $40M share repurchase program. |
Prior buyback announcements for AVX have been followed by modest positive price reactions, suggesting investors have historically viewed these updates constructively.
Over the past six months, AVAX One has used its $40 million repurchase authorization as a recurring capital allocation tool. The initial program launch on Nov 20, 2025 was followed by disclosed repurchases of 2,423,383 shares on Mar 5, 2026. Both events saw positive next-day moves. Today’s update extends that pattern, highlighting continued execution under the same authorization alongside the company’s broader operating and digital-asset strategy.
Historical Comparison
In past buyback-related announcements, AVX saw an average move of 5.99%, with both the authorization and later repurchase update drawing constructive reactions.
Buyback news has progressed from initial $40M authorization in 2025 to sizable disclosed repurchases in 2026, with the latest update underscoring ongoing execution under the same program.
Market Pulse Summary
This announcement highlights continued execution of AVAX One’s $40 million share repurchase program, with 500,000 shares bought between May 18–22, 2026 and a total of 4,068,003 shares retired since November 2025. Historically, buyback-related news for AVX has coincided with an average move of about 5.99%. Investors may track how future repurchase disclosures intersect with broader strategic updates and the stock’s position far below its $21.89 52-week high.
Key Terms
rule 10b-18 regulatory
AI-generated analysis. Not financial advice.
WEST PALM BEACH, FL, May 26, 2026 (GLOBE NEWSWIRE) -- AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today announced an update on its previously authorized
“We continue to execute on our share repurchase program as a key element of our broader capital allocation strategy,” said Jolie Kahn, Chief Executive Officer of AVAX One. “Since launching the program, we have been deliberate in the pace and timing of our repurchases. We remain committed to deploying capital in a disciplined manner that we believe best serves the long-term interests of our shareholders, with an unwavering focus on maximizing value per share across all of our capital deployment initiatives.”
Repurchases under the program may be made from time to time through open market transactions or other means permitted by applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing and amount of any repurchases will be determined based on market conditions, capital allocation priorities, regulatory requirements, and other relevant 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 without prior notice.
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 builds power-first, modular data centers in energy-advantaged regions — leveraging behind-the-meter generation and microgrid design to deliver reliable, cost-efficient compute capacity for AI and high-performance computing (HPC) workloads. The Company's powered land model eliminates grid dependency and delivers pre-energized, Tier 3-ready sites on accelerated timelines unavailable through traditional utility-connected development. In addition, the Company continues to mine Bitcoin in Alberta and Ohio, operating at a hashrate of approximately 300 PH/s. Alongside AVAX One's physical infrastructure, the Company maintains a strategic Avalanche digital asset treasury, accumulating AVAX and generating onchain yield through native staking and ecosystem participation. Together, these three pillars give public market investors unique exposure to both the digital infrastructure layer and the onchain economy. 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 Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated benefits and timing of the completion of the proposed offering and related transactions, the intended use of proceeds from the PIPE offering, expectations regarding future capital raising activity, the assets to be held by the Company, expectations regarding adoption of the Avalanche network, the expected future market, price and liquidity of the digital assets the Company acquires, the macro and political conditions surrounding digital assets, the Company's plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, competitive position and the interest of other entities in similar business strategies, technological and market trends, future financial condition and performance, the expected financial impacts of the proposed transactions described herein, and the timing of the closing of the PIPE offering. 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, the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the transactions and the proposed AVAX strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of AVAX and other cryptocurrencies; the risk that the price of the Company's securities may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the SEC. 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. The statements made in this press release are not intended to be projections of the Company's future results nor an offer of a future securities transaction by the Company. Any offering in the future will be made through compliance with all applicable regulations and the filing of appropriate documents with the SEC, as required under those regulations.
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
