AVAX One eliminates all convertible debt; bought 710,000 shares at $5.46 average in October 2026

AVAX ONE TECHNOLOGY LTD.

Eliminated the remaining ~$970,000 of convertible debt, bringing the convertible debt balance to zero after an October 7, 2026 reduction.
Company removed more than $14.9 million of debt during Q3 2026, which it says simplifies the capital structure and improves financial flexibility.
Repurchased 710,000 common shares in October 2026 at an average price of $5.46 including fees and commissions.
Cumulative repurchases since November 2025 total 1,496,761 shares (adjusted for the 1-for-12 reverse split on June 15, 2026); ~$30.4M left of the $40M program.
Interim CEO and COO Pete Wylie said the debt elimination removes a "significant financial overhang" and that buybacks deploy capital at attractive valuations.

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