EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 AVAX One Regains Compliance with Nasdaq Minimum Bid Price Requirement Company Reaffirms Commitment to Building Digital Infrastructure at the Intersection of the Onchain Economy and AI Compute WEST PALM BEACH, FL, July 9, 2026 - AVAX One Technology Ltd. (Nasdaq: AVX) (“AVAX One” or the “Company”), today announced that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the minimum bid price requirement for continued listing on The Nasdaq Capital Market. According to the notification, Nasdaq determined that for the ten consecutive trading days from June 15, 2026, through June 29, 2026, the closing bid price of AVAX One’s common stock was at or above the required minimum of $1.00 per share. As a result, Nasdaq has concluded that the Company has satisfied the minimum bid price requirement, and the matter is now closed. “We are pleased to have regained compliance with Nasdaq’s minimum bid price requirement and appreciate the trust our shareholders have placed in us throughout this process,” said Pete Wylie, Interim Chief Execut…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Avax One Technology Ltd.
AVXNASDAQEQUITYCurrent
Other Events
Item 8.01 Other Information As previously reported, on March 13, 2026, AVAX One Technology Ltd. (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company’s common shares for the previous 30 consecutive business days was lower than the minimum bid price requirement of $1.00 per share (the “Minimum Bid Price Re…
Company context
Current securities
Recent company filings
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureAug 19, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementAug 17, 2026
- 10-Q filingAug 13, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Other EventsAug 5, 2026
- Unregistered Sales of Equity Securities · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureJul 6, 2026
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Information
As
previously reported, on March 13, 2026, AVAX One Technology Ltd. (the “Company”) received written notice from The Nasdaq
Stock Market LLC (“Nasdaq”) notifying the Company that the closing bid price of the Company’s common shares for the
previous 30 consecutive business days was lower than the minimum bid price requirement of $1.00 per share (the “Minimum Bid Price
Requirement”) for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2).
On
July 8, 2026, the Company received written notice from Nasdaq (the “Letter”) that the Company has regained compliance with
the Minimum Bid Price Requirement. Nasdaq also informed the Company that, pursuant to Nasdaq Listing Rule 5815(d)(4)(B), the Company
will be subject to a mandatory panel monitor for a period of one year from the date of the Letter. During the monitoring period, if the
staff of Nasdaq determines that the Company is again out of compliance with the Minimum Bid Price Requirement, notwithstanding Nasdaq
Listing Rule 5810(c)(2), the Company will not be permitted to submit a plan of compliance with respect to that deficiency, the staff
of Nasdaq will not be permitted to grant additional time for the Company to regain compliance with respect to that deficiency, and the
Company will not be afforded any otherwise applicable cure or compliance period pursuant to Nasdaq Listing Rule 5810(c)(3). However,
the staff of Nasdaq would issue a delist determination letter, and the Company would have the opportunity to request a new hearing before
the Nasdaq Hearings Panel in accordance with Nasdaq Listing Rule 5815(d)(4)(C). The hearing request would stay any suspension or delisting
action pending the conclusion of any such hearing process.
A
copy of the press release issued by the Company announcing the foregoing is filed as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.