AVAX One Regains Nasdaq Compliance After 1-for-12 Reverse Split
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- AVAX One regained Nasdaq compliance under Listing Rule 5550(a)(2) after closing above $1.00 for 10 consecutive trading days from June 15 through June 29, satisfying the minimum bid price requirement.
- AVAX One executed a 1-for-12 reverse stock split on June 15, cutting its share count from over 92.3 million to just under 7.7 million to meet the listing standard.
- Interim CEO Pete Wylie, who shifted from COO last week following former CEO Jolie Kahn's departure, said the company is now focused on growth and profitability initiatives.
- AVAX One's three business lines include an Avalanche treasury holding roughly 14 million AVAX tokens (~$95 million) staked at ~6% net yield, Bitcoin mining in Alberta and Ohio, and AI infrastructure targeting 5-50 MW 'missing middle' sites.
- AVX shares closed up about 3.6% at $5.43 on the news but remain down 70% since the start of the year, with the company's ~$40.5 million market cap sitting well below the value of its crypto holdings.
- The AVAX token was trading at $6.71, up over 4% on the day but down 50% since the start of 2026 and 95% from its 2021 peak of nearly $145.
Why it matters: AVAX One cleared the Nasdaq hurdle, but its $40.5 million market cap is less than half the ~$95 million value of just its AVAX treasury — meaning the market is pricing the company at a deep discount to its crypto assets and effectively betting against management's ability to monetize the Bitcoin mining and AI infrastructure pivots.
