Shareholders back AVAX One (NASDAQ: AVX) board and key 2026 proposals

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

AVAX One Technology, Ltd. held its Annual Meeting of Shareholders on May 29, 2026 in Vancouver, BC. Shareholders of record as of April 17, 2026, representing 48,737,869 common shares, or 52.784% of the 92,335,380 shares entitled to vote, were represented in person or by proxy.

Shareholders voted on the election of directors, casting roughly 31.3–31.8 million votes "For" each of Matt Zhang, Young Chi Cho, Amy Griffith, Daniel Mendes, and Xiao-Xiao Jichua Zhu, with relatively small "Withhold" votes and 16,911,744 broker non-votes for each nominee.

Other proposals on the agenda also received strong support, including one item with 47,725,597 votes "For" versus 927,158 "Against" and 85,114 abstentions, and another with 46,903,966 "For" versus 1,786,289 "Against" and 47,614 abstentions, indicating broad shareholder backing for the measures presented.

8-K Event Classification

2 items: 5.07, 9.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

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

Key Figures

Shares entitled to vote: 92,335,380 shares Shares voted: 48,737,869 shares Turnout percentage: 52.784% +4 more

7 metrics

Shares entitled to vote 92,335,380 shares Common shares entitled to vote as of April 17, 2026

Shares voted 48,737,869 shares Shares represented in person or by proxy; 52.784% turnout

Turnout percentage 52.784% Portion of entitled shares voted at the annual meeting

Director votes for Matt Zhang 31,285,151 For Election of director Matt Zhang, with 540,974 Withhold and 16,911,744 broker non-votes

High-support proposal 47,725,597 For Proposal with 927,158 Against and 85,114 Abstain

Second major proposal 46,903,966 For Proposal with 1,786,289 Against and 47,614 Abstain

Director proposal votes 31,341,982 For Item with 435,293 Against, 48,850 Abstain, and 16,911,744 broker non-votes

Key Terms

forward-looking statements, Annual Meeting of Shareholders, Broker Non-Vote, emerging growth company, +1 more

5 terms

forward-looking statements regulatory

"FORWARD-LOOKING STATEMENTS This and other reports filed by Registrant from time to time..."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Annual Meeting of Shareholders financial

"AVAX One Technology, Ltd. (the “Company”) held its Annual Meeting of Shareholders on Friday, May 29, 2026..."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

Broker Non-Vote financial

"Broker Non-Vote ----------------------------------------------------- Matt Zhang..."

emerging growth company regulatory

"Emerging growth company Securities registered pursuant to Section 12(b) of the Act"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Common Shares financial

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Understanding 8-K Material Events →

05/29/2026 - 04:30 PM

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): May 29, 2026

AVAX ONE TECHNOLOGY, LTD.

(Exact Name of Registrant as Specified in Charter)

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

800-525 West 8th Avenue
Vancouver, BC, Canada		V5Z 1C6
(Address of principal executive offices)		(Zip Code)

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

(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

FORWARD-LOOKING STATEMENTS

This Form 8-K and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively, the “Filings”) contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, Registrant’s management as well as estimates and assumptions made by Registrant’s management. When used in the Filings the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan” or the negative of these terms and similar expressions as they relate to Registrant or Registrant’s management identify forward-looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to Registrant’s industry, Registrant’s operations and results of operations and any businesses that may be acquired by Registrant. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Although Registrant believes that the expectations reflected in the forward-looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results.

Item 5.07 Submission of Matters to a Vote of Securityholders

AVAX One Technology, Ltd. (the “Company”) held its Annual Meeting of Shareholders on Friday, May 29, 2026; wherein holders of the common stock, as of the record date of April 17, 2026, were entitled to receive notice and vote at the meeting, held at the Company’s principal offices at 800-525 West 8th Avenue, Vancouver, BC, Canada V5Z 1C6 at 9:00 a.m. Pacific Time (PDT). The Inspector of Elections certified that as of the record date, there were 92,335,380 common shares entitled to vote; and that the total number of shares voted in person or by proxy were 48,737,869- 52.784%, which were cast as follows:

Election of the Company’s directors and to set the number of directors for the ensuing year at 5.

	For		Withhold		Broker Non-Vote
Matt Zhang		31,285,151		540,974		16,911,744
Young Chi Cho		31,735,727		90,398		16,911,744
Amy Griffith		31,299,893		526,232		16,911,744
Daniel Mendes		31,749,745		76,380		16,911,744
Xiao-Xiao Jichua Zhu		31,735,514		90,611		16,911,744

The ratification of the appointment of CBIZ CPAs P.C. as the Company’s independent registered certified public accountant for the fiscal year ending December 31, 2026.

For				Against			Abstain
	47,725,597			927,158			85,114

Approval of a reverse split of the Company’s common shares in a ratio of 1:2 to 1:12.

For				Against			Abstain
	46,903,966			1,786,289			47,614

The approval, on an advisory basis, of the 2025 compensation of the Company’s named executive officers.

For				Against			Abstain			Broker Non-Vote
	31,341,982			435,293			48,850			16,911,744

Item 9.01 Exhibit

Item 104

Inline XBRL

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: May 29, 2026

AGRIFORCE GROWING SYSTEMS, LTD.

By:	/s/ Jolie Kahn
Name:	Jolie Kahn, CEO

Source: View Original Filing on SEC EDGAR

FAQ

What did AVAX One Technology, Ltd. shareholders vote on at the May 29, 2026 meeting?

Shareholders voted on electing directors and several proposals. Each director nominee received about 31.3–31.8 million "For" votes, while additional proposals drew up to 47.7 million votes in favor, indicating broad support for the board’s recommendations.

How many AVAX (AVX) shares were eligible and actually voted at the 2026 annual meeting?

There were 92,335,380 common shares entitled to vote as of April 17, 2026. At the meeting, 48,737,869 shares, or 52.784% of those eligible, were voted in person or by proxy, establishing a valid quorum for conducting business.

Were AVAX One Technology’s director nominees elected at the 2026 shareholder meeting?

Each named director nominee received around 31.3–31.8 million "For" votes, with relatively small "Withhold" totals and 16,911,744 broker non-votes. These results indicate the nominees obtained strong majority support from shares actually voted at the meeting.

How strong was shareholder support for AVAX (AVX) non-director proposals in 2026?

One proposal received 47,725,597 votes "For" versus 927,158 "Against" and 85,114 abstentions. Another drew 46,903,966 "For" versus 1,786,289 "Against" and 47,614 abstentions, showing clear majority backing for these items among voting shareholders.

What are broker non-votes and how did they affect AVAX One’s 2026 meeting results?

Broker non-votes arise when intermediaries hold shares but lack instructions to vote on certain items. For AVAX One’s director elections, there were 16,911,744 broker non-votes per nominee, which counted for quorum but not in the "For" or "Withhold" tallies.

Where was AVAX One Technology’s 2026 annual meeting of shareholders held?

The meeting was held at AVAX One Technology’s principal offices at 800-525 West 8th Avenue, Vancouver, BC, Canada V5Z 1C6, starting at 9:00 a.m. Pacific Time, giving shareholders a physical venue to attend and vote in person.

Filing Exhibits & Attachments

3 documents