AVAX One Strengthens Balance Sheet Through Debit Restructuring

AVAX One Technology Ltd., the issuer of AVX (NASDAQ: AVX), has completed a restructuring of its convertible debentures. The transactions included the full repayment, retirement and cancellation of $6.8 million in debentures held by two institutional investors.

The company also reduced the outstanding principal amount of a debenture held by another investor from $7.7 million to $8.47 million and amended certain provisions of that investor's debenture, including increasing the minimum cash and Bitcoin balance required from $100,000 to $3.5 million.

The company completed these transactions on August 5, 2026, as part of its efforts to strengthen its balance sheet.