Avax One amends investor debentures, raises three note principals to 1.03 million
AVX•Amendment with institutional investor
Avax One Technology entered an amendment with an institutional investor on Aug. 14, 2026, tied to existing debentures.
The agreement granted a waiver of a negative covenant, paired with a release of related investor claims.
Minimum cash and Bitcoin custody requirement
The minimum cash and Bitcoin custody requirement rose to USD 3.5 million from USD 100,000.
Note principal increases and covenant changes
The amendment increased principal on three notes issued in 2025 to USD 121,000, USD 305,556 and USD 605,000.
Negative covenants were revised, including a “key person” term.
