AVAX One Approves 12-for-1 Reverse Split Cutting 92.3M Shares to 7.69M
AVX•AVAX One’s board approved a 12-for-1 reverse stock split effective at market open on June 15, 2026, reducing its issued shares from 92,335,381 to approximately 7,694,615. All fractional shares will be cashed out as part of the move to meet Nasdaq’s minimum bid price requirement.
1. Reverse Split Mechanics
AVAX One’s board and shareholders approved a 12-for-1 reverse stock split that will take effect at the market open on June 15, 2026. Under the terms, every twelve existing common shares will be consolidated into one new share, with any resulting fractional shares paid out in cash.
2. Purpose and Compliance
The reverse split is designed to bring the company into compliance with the minimum closing bid price required under Nasdaq Listing Rule 5550(a)(2). Management expects the split to strengthen the market perception of the stock and maintain its listing status without altering the company’s total equity value.
3. Post-Split Capitalization
As of June 10, AVAX One had 92,335,381 shares outstanding, which will convert to approximately 7,694,615 shares post-split. The cash-out of fractional holdings will streamline the outstanding share count and finalize the split ratio ahead of trading on June 15.
