AVAX One Technology Eliminates Remaining ~$970K In Outstanding Convertible Debt

AVAX One Technology Ltd. (NASDAQ:AVX) ("AVAX One" or the "Company") today announced that it has eliminated all remaining convertible debt from its balance sheet and continued executing under its $40 million share repurchase program, further demonstrating its commitment to disciplined capital allocation and long-term shareholder value creation.

Following the significant reduction in convertible debt announced on October 7, 2026, the Company has now eliminated the remaining approximately $970,000 in outstanding convertible debt, bringing its total convertible debt balance to zero. This milestone follows the elimination of more than $14.9 million of debt during the third quarter of 2026 and represents another important step in simplifying the Company's capital structure, reducing financial obligations and enhancing its financial flexibility.

In addition, in October 2026, AVAX One repurchased 710,000 of its common shares at an average purchase price of $5.46 per share, including all fees and commissions. These purchases bring the Company's cumulative repurchases as of October 31, 2026, to 1,496,761 common shares since November 2025 (as adjusted to reflect the Company's one-for-twelve reverse stock split effected on June 15, 2026). Approximately $30.4 million remains available under the Company's $40 million share repurchase program.