Every material Form 8-K AVAX ONE TECHNOLOGY LTD. has filed with the SEC since August 19, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
AVAX One Technology Ltd. said it eliminated more than $14.9 million of debt in the third quarter of 2026 and cut its convertible debt balance to about $970,000 as of September 30, 2026. The company's common shares outstanding rose to about 9,987,248 from about 7,363,270 on June 30, 2026, which reflects conversions of debentures into shares, so existing shareholders' ownership is diluted even as the debt load falls.
About $7.1 million of convertible debentures were converted into common shares in Q3 2026.
About $7.4 million of debt was repaid, and $0.4 million of debt was redeemed into common shares.
Convertible debt fell to about $970,000 as of September 30, 2026.
Common shares outstanding were about 9,987,248 as of September 30, 2026, versus about 7,363,270 as of June 30, 2026; the company also repurchased 333,500 shares during the quarter, adjusted for the one-for-twelve reverse split on June 15, 2
AVAX One said it bought 333,500 of its common shares in September 2026 at an average price of $5.36, including fees and commissions, under its $40 million repurchase program. As of September 30, 2026, total repurchases since November 2025 reached 836,743 shares (adjusted for the one-for-12 reverse stock split on June 15, 2026), and about $33.9 million remains available. Interim CEO Pete Wylie said the company believes its share price is well below intrinsic value and intends to keep buying while that gap persists, though the filing states the program may be modified, suspended or discontinued at any time.
Repurchased 333,500 common shares in September 2026 at an average price of $5.36 per share, including fees and commissions
Total repurchases of 836,743 shares as of September 30, 2026, since November 2025, adjusted for the June 15, 2026 one-for-12 reverse split
About $33.9 million remains available under the $40 million program; the company is not obligated to buy any specific number of shares
AVAX One Technology's Chief Financial Officer, Chris Polimeni, resigned effective August 17, 2026, and will stay on as a financial consultant through December 31, 2026. The company said there was no disagreement with him over operations, policies or practices. Stephanie Brady, previously Corporate Controller, was appointed Chief Accounting Officer and primary financial officer on August 19, 2026, so shareholders will see a change in the executive overseeing financial reporting while the company is also searching for a permanent CEO.
Chris Polimeni resigned as CFO effective August 17, 2026, and will remain as a financial consultant through December 31, 2026
Stephanie Brady, age 57, was appointed Chief Accounting Officer and primary financial officer on August 19, 2026; she had been Corporate Controller since January 2026
Brady will receive a total payment of $20,000 per month plus incentive compensation tied to timely filing of financial statements
Interim CEO Peter Wylie Jr. will support the finance organization; the Board's search for a permanent CEO continues with ZRG Partners
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