Nasdaq warns AVAX One (AVX) over sub-$1.00 share price and delisting risk

Rhea-AI Filing Summary

AVAX One Technologies Ltd. reported that Nasdaq notified the company it is not in compliance with the exchange’s minimum bid price rule, which requires a closing bid of at least $1.00 per share for 30 consecutive business days. AVAX’s common shares traded below this threshold, triggering a potential suspension or delisting process.

The company is timely requesting a hearing before a Nasdaq Hearings Panel, which will automatically stay any suspension or delisting while the hearing and any granted extension are pending. The Panel may grant an extension of up to 180 days from the date of the notice. AVAX plans to present a strategy to regain compliance but warns there is no assurance of a favorable outcome or continued listing on The Nasdaq Capital Market.

Positive

• None.

Negative

• Nasdaq minimum bid price non-compliance and delisting risk: AVAX One Technologies Ltd. received a Nasdaq notice that its shares have closed below the $1.00 minimum bid price for 30 consecutive business days, starting a process that may lead to suspension or delisting if compliance is not regained within any extension period.

Insights

Equity markets and listings analyst

Nasdaq minimum bid price deficiency creates real delisting risk for AVAX.

AVAX One Technologies Ltd. has fallen below Nasdaq’s $1.00 minimum bid price for 30 consecutive business days, triggering a formal deficiency notice. This starts a structured process that can end in suspension or delisting if the company does not regain compliance in time.

The company will request a hearing before a Nasdaq Hearings Panel, which pauses any suspension while the case is reviewed. The Panel may grant up to 180 days from the notice date for AVAX to meet the minimum bid price requirement. The company plans to present a remediation strategy but explicitly notes there is no assurance of a favorable decision or ongoing Nasdaq listing.

This situation is materially negative because loss of a Nasdaq listing can reduce share liquidity and institutional accessibility. Actual impact depends on whether AVAX can raise its share price and sustain it above $1.00 for the required period within any extension the Panel grants.

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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): March 13, 2026

AVAX ONE TECHNOLOGY LTD.

(Exact Name of Registrant as Specified in Charter)

British Columbia A1		001-40578		NA 00-0000000
(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 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

On March 13, 2026, AVAX One Technologies Ltd. (the “Company”) received written notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq listing rule 5550(a)(2) because the closing bid price of the Company’s common stock for the last 30 consecutive business days was lower than the minimum bid price requirement of $1.00 per share (the “Minimum Bid Price Requirement”). Pursuant to Nasdaq listing rule 5810(c)(3)(A)(iv), and as described in the Notice, unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the “Panel”), the Company’s securities would be subject to suspension/delisting. Accordingly, the Company is timely requesting a hearing before the Panel. The hearing request will automatically stay any suspension or delisting action pending the hearing and the expiration of any additional extension period granted by the Panel following the hearing.

In that regard, pursuant to the Nasdaq Listing Rules, the Panel has the authority to grant an extension not to exceed 180 days from the date of the Notice. The Company intends to present its plans to regain compliance with the Minimum Bid Price Requirement to the Panel. However, there are no assurances a favorable decision from the Panel will be obtained or that the Company’s securities will remain listed on The Nasdaq Capital Market.

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: March 19, 2026

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

FAQ

Why did AVAX One Technologies Ltd. receive a Nasdaq deficiency notice?

AVAX One Technologies Ltd. received a Nasdaq notice because its common shares closed below the required $1.00 minimum bid price for 30 consecutive business days. This violates Nasdaq listing rule 5550(a)(2), placing the company at risk of suspension or delisting from The Nasdaq Capital Market.

What Nasdaq rule is AVAX (AVX) currently not satisfying?

AVAX is not satisfying Nasdaq listing rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share for at least 30 consecutive business days. Falling below this level triggered a formal notice and potential delisting process for the company’s common shares.

How is AVAX One Technologies responding to the Nasdaq bid price issue?

AVAX One Technologies is requesting a hearing before a Nasdaq Hearings Panel, which automatically stays any suspension or delisting while the hearing is pending. The company intends to present its plan to regain compliance with the $1.00 minimum bid price requirement to the Panel.

How much extra time can AVAX receive from Nasdaq to regain compliance?

Under Nasdaq’s rules, the Hearings Panel may grant AVAX an extension of up to 180 days from the date of the deficiency notice. During this extension, the company must restore and maintain its bid price at or above $1.00 to fully regain compliance.

Will AVAX One Technologies Ltd. remain listed on Nasdaq during the appeal?

Requesting a hearing automatically stays any suspension or delisting while the hearing and any granted extension are pending. However, AVAX notes there is no assurance the Hearings Panel will issue a favorable decision or that its securities will ultimately remain listed on The Nasdaq Capital Market.

What risk does the Nasdaq notice create for AVAX (AVX) shareholders?

The notice creates a risk that AVAX’s shares could be suspended or delisted from The Nasdaq Capital Market if it fails to regain the $1.00 minimum bid price. Delisting can significantly reduce trading liquidity and accessibility for existing and potential shareholders.

Filing Exhibits & Attachments

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• EX-101 XBRL LABEL FILE 34.1 KB
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