AVAX One cuts convertible debt to ~$970K after eliminating $14.9M in Q3; buys back 333,500 shares

AVAX ONE TECHNOLOGY LTD.

Approximately $7.1M of convertible debentures converted into common shares, $7.4M of debt repaid and $0.4M redeemed into shares in Q3 2026, cutting convertible debt to ~$970,000 at Sept 30, 2026.
Repurchased 333,500 shares during Q3 2026, as adjusted for the one-for-twelve reverse stock split effected June 15, 2026.
Common shares outstanding were ~9,987,248 as of Sept 30, 2026 versus ~7,363,270 as of June 30, 2026, per the release.
Interim CEO and COO Pete Wylie said AVAX One has 'simplified our balance sheet' and is positioned to execute growth and profitability initiatives in its digital asset treasury strategy.
AVAX One also operates bitcoin mining facilities and develops modular data centers alongside its Avalanche (AVAX) treasury; shares trade on Nasdaq under AVX.

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