AVAX One restructures convertible debt, retires ~$6.8M principal, amends covenants

AVAX ONE TECHNOLOGY LTD.

Retired ~$6.8M of convertible debentures by repaying two investors at 110% of principal plus accrued interest.
Remaining investor's debenture principal increased to $8.47M; partial repayment of $1.05M plus interest.
Minimum cash/bitcoin covenant raised from $100k to $3.5M; key-person covenant modified.
Restructuring funded with cash on hand and reduction of escrow receivable from one investor.
Interim CEO Peter Wylie says restructuring strengthens balance sheet and reduces near-term liabilities.

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