Results of Operations and Financial Condition · Regulation FD Disclosure
Item 2.02 Results of Operations and Financial Condition. On October 7, 2026, AVAX One Technology Ltd. (the “Company”) issued a press release announcing a performance update for its third quarter of 2026. A copy of the press release is attached to this report as Exhibit 99.1. The preliminary financial information set forth in the press release is unaudited and based on currently available information.…
Filed Oct 7, 2026Accepted Oct 7, 2026, 8:00 AM EDTCIK 1826397Accession 0001493152-26-046080
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Item 2.02Item 2.02 - Results of Operations
Item
2.02 Results of Operations and Financial Condition.
On
October 7, 2026, AVAX One Technology Ltd. (the “Company”) issued a press release announcing a performance update for its
third quarter of 2026. A copy of the press release is attached to this report as Exhibit 99.1.
The
preliminary financial information set forth in the press release is unaudited and based on currently available information. It remains
subject to completion of the Company’s financial closing procedures and is not a comprehensive statement of the Company’s
financial results for the period. This information does not present all information necessary for a complete understanding of the Company’s
results of operations for the period and has not been reviewed by the Company’s independent registered public accounting firm.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
October 7, 2026, the Company issued a press release announcing a performance update for its third quarter of 2026. A copy of the press
release is attached to this report as Exhibit 99.1.
The
information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933,
as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
Exhibit
99.1
AVAX
One Announces Significant Balance Sheet Progress In Third Quarter 2026
Eliminated
More Than $14.9 Million of Debt, Further Strengthening Capital Structure and Liquidity
WEST
PALM BEACH, FL, October 7, 2026 - AVAX One Technology Ltd. (NASDAQ: AVX) (“AVAX One” or the “Company”), today
announced significant progress on strengthening its balance sheet during the third quarter of 2026, including a material reduction in
near-term convertible debt and continued share repurchases during the quarter of 333,500 (as adjusted to reflect the Company’s
one-for-twelve reverse stock split effected on June 15, 2026).
During
the third quarter of 2026, approximately $7.1 million of convertible debentures were converted into common shares, approximately $7.4
million of debt was repaid by the Company and $0.4 million of debt was redeemed into common shares. As a result of these conversions,
AVAX One has reduced its convertible debt balance to approximately $970,000 as of September 30, 2026, strengthening its balance sheet
and enhancing financial flexibility and liquidity.
“Q3
marked another period of strong progress for AVAX One, highlighted by a significant reduction in our outs…