---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-011262"
form_type: "8-K"
ticker: "AVX"
cik: "0001826397"
company_name: "AVAX ONE TECHNOLOGY LTD."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:17:54.612043+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AgriForce terminates Stronghold land purchase and Humboldt-Bliss offtake agreements

## Summary
- Terminated Stronghold PSA for 34-acre Coachella property; purchase price was $4.3M ($1.5M cash + $2.8M stock).
- First tranche of 695,866 prefunded warrants void as closing did not occur by March 31, 2023.
- Terminated Humboldt-Bliss offtake agreement; company was to build facility and provide SOPs.
- Both terminations effective March 31, 2023.

## SEC filing metadata
- accession: 0001493152-23-011262
- form_type: 8-K
- ticker: AVX
- cik: 0001826397
- company_name: AVAX ONE TECHNOLOGY LTD.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826397/000149315223011262/0001493152-23-011262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826397/000149315223011262/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-011262
- JSON: https://secwatch.observer/filing/0001493152-23-011262.json
- Plain text: https://secwatch.observer/filing/0001493152-23-011262.txt

## Key facts
- Material Agreements
  AVAX ONE TECHNOLOGY LTD. terminated Purchase and Sale Agreement with Stronghold Power Systems, Inc. (effective 2023-03-31).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: Stronghold Power Systems, Inc.
  - Effective: 2023-03-31
  source text: As previously disclosed, on August 30, 2022, the Company entered into a Purchase and Sale Agreement (“PSA”) with Stronghold Power Systems, Inc. (“Stronghold”) to purchase approximately 34 acres of land in Coachella California.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826397/000149315223011262/0001493152-23-011262-index.htm
- Material Agreements
  AVAX ONE TECHNOLOGY LTD. terminated Humboldt-Bliss agreement with Humboldt Bliss, Ltd. (effective 2023-03-31).
  - Action: termination
  - Agreement: supply
  - Counterparty: Humboldt Bliss, Ltd.
  - Effective: 2023-03-31
  source text: As further previously disclosed, on November 30, 2021, the Company signed an offtake agreement with Humboldt Bliss, Ltd., a Barbadian limited company (“Humboldt”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826397/000149315223011262/0001493152-23-011262-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.