AVAX One regains Nasdaq compliance after reverse split

AVAX One regained compliance with Nasdaq’s $1.00 minimum bid-price requirement after completing a 1-for-12 reverse stock split that took effect June 15. The split reduced outstanding shares from about 92.3 million to just under 7.7 million. Nasdaq confirmed the company met Listing Rule 5550(a)(2) after AVAX One’s shares closed at or above $1.00 for 10 consecutive trading days from June 15 through June 29.

The confirmation closes a listing matter that had been under review before the split. AVAX One Technology is based in West Palm Beach, Florida, and identifies as a crypto treasury firm.

Interim CEO Pete Wylie moved from chief operating officer into the interim role last week after the departure of former CEO Jolie Kahn. The board is conducting a search for a permanent chief executive. Wylie, in a statement, thanked shareholders and added the company will focus on growth and profitability now that the compliance issue is resolved.

AVAX One operates three business lines: an Avalanche digital asset treasury, Bitcoin mining operations and development of artificial intelligence infrastructure. The company holds roughly 14 million AVAX tokens, valued near $95 million, and reports those tokens are staked at an approximate 6% net yield. Its Bitcoin mining rigs operate in Alberta, Canada, and Ohio and generate operating cash flow.

The firm is exploring AI infrastructure projects aimed at the “missing middle” — data-center sites in the 5-to-50-megawatt range intended for enterprise inference workloads, edge computing and regulated industries that larger hyperscale facilities do not typically serve.

Market data show AVAX One’s market capitalization is about $40.5 million, below the stated value of its crypto holdings. Shares of AVAX One (AVX) closed up roughly 3.6% at $5.43; the stock is down about 70% since the start of the year. The Avalanche network’s AVAX token traded near $6.71, up about 4% on the day, down roughly 50% since the start of 2026 and about 95% from its 2021 peak near $145.

AVAX One is among a group of crypto treasury companies that formed in 2025. Many of those firms have market values below the value of their crypto assets after prices declined since late 2025. Nasdaq’s confirmation removes the immediate compliance concern for AVAX One as the company pursues its stated operational priorities.