AVAX One unveils $40M buyback and $80M AVAX token purchase

AVAX One Technology Ltd. announced that its board has authorized a share repurchase program for up to $40 million of its common stock.

Rhea-AI Filing Summary

AVAX One Technology Ltd. announced that its board has authorized a share repurchase program for up to $40 million of its common stock. The program has a one-year term and allows the company to buy shares from time to time in the open market or through other methods permitted under securities laws. The timing and amount of repurchases will depend on market conditions, regulatory requirements, capital allocation alternatives, and other corporate considerations, and the company is not obligated to repurchase any specific number of shares.

The company also disclosed that, as of November 12, 2025, it purchased 7,220,216.61 AVAX tokens from the Avalanche Foundation for a total purchase price of $80,000,000 in the ordinary course of business. The company issued a press release and social media post about the proposed stock buyback, which are referenced as exhibits.

Insights

Equity capital markets analyst

AVAX One adds a $40M buyback alongside an $80M token purchase.

AVAX One Technology Ltd. has introduced a share repurchase program authorizing up to $40,000,000 of common stock over a one-year term. Repurchases may occur via open market purchases or other methods allowed under securities laws, and the company has full discretion on timing and size, with no obligation to buy a minimum number of shares.

Separately, as of November 12, 2025, the company purchased 7,220,216.61 AVAX tokens from the Avalanche Foundation for a total of $80,000,000 in the ordinary course of business. This represents a significant capital outlay into AVAX tokens in addition to the potential capital allocation toward share repurchases. Actual effects on the balance sheet, liquidity, and share count will depend on how actively the buyback is used and on subsequent movements in the value of the AVAX tokens.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did AVAX One Technology Ltd. announce in this 8-K?

AVAX One Technology Ltd. disclosed that its board authorized a share repurchase program of up to $40 million of common stock and reported a separate purchase of 7,220,216.61 AVAX tokens for $80,000,000.

How large is AVAX One Technology Ltd.'s new stock buyback program?

The board authorized a share repurchase program for up to $40 million of AVAX One Technology Ltd.'s common stock.

How long will AVAX One Technology Ltd.'s share repurchase program last?

The share repurchase program has a one-year term, during which the company may repurchase shares from time to time at its discretion.

Is AVAX One Technology Ltd. required to repurchase a set number of shares?

No. The company stated it is not obligated to repurchase any specific number of shares and may suspend or discontinue the program at any time.

How will AVAX One Technology Ltd. conduct its share repurchases?

Repurchases may be made through open market purchases or other means permitted under applicable securities laws and regulations, subject to market conditions and other corporate considerations.

What AVAX token transaction did AVAX One Technology Ltd. disclose?

As of November 12, 2025, the company purchased 7,220,216.61 AVAX tokens from the Avalanche Foundation in the ordinary course of business for a total purchase price of $80,000,000.

Did AVAX One Technology Ltd. issue any communications about the buyback program?

Yes. The company issued a press release and a social media post regarding its proposed stock buyback program, referenced as Exhibits 99.1 and 99.2.

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Accepted by SEC EDGAR 11/20/2025 - 04:30 PM Learn about SEC filing dates

false 0001826397 00-0000000 0001826397 2025-11-19 2025-11-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 19, 2025

AVAX ONE TECHNOLOGY LTD.

(Exact Name of Registrant as Specified in Charter)

British Columbia A1		001-40578		00-0000000NA
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

800-525 West 8th Avenue Vancouver, BC, Canada		V5Z1C6
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (604) 757-0952

AGRIFORCE GROWING SYSTEMS, LTD.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares		AVX		The Nasdaq Capital Market

Item 7.01 Regulation FD Disclosure

On November 20, 2025, AVAX One Technology Inc. (the “Company”) issued a press release and social media post regarding its proposed stock buyback program, both of which are attached hereto as Exhibits 99.1 and 99.2, respectively.

Item 8.01 Other Information

On November 19, 2925, the Company’s Board of Directors (the “Board”) has authorized a share repurchase program of up to $40 million of the Company’s common stock. The Board will periodically review the Company’s Repurchase Program and may decide to extend its term or increase the authorized amount. Repurchases under the program, which has a one year term, 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 repurchases under the program will depend on market conditions, regulatory requirements, capital allocation alternatives, and other corporate considerations. The Company is not obligated to repurchase any specific number of shares, and the program may be suspended or discontinued at any time.

As of November 12, 2025, the Company purchased in the ordinary course of business 7,220,216.61 AVAX tokens from the Avalanche Foundation for a total purchase price of $80,000,000.

Portions of this Current Report may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that the actual outcomes will not be materially different due to a number of factors. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about significant risks that may impact the Company is contained in the Company’s filings with the Securities and Exchange Commission and may be accessed at www.sec.gov. The Company is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01 Exhibits
99.1		Press Release dated November 20, 2025
99.2		Script for Social Media Posts
104		Cover Page Interactive Data File

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 20, 2025

AVAX ONE TECHNOLOGY LTD.
By:	/s/ Jolie Kahn
Name:	Jolie Kahn Chief Executive Officer