AVAX ONE TECHNOLOGY LTD. 8-K

What Happened

• AVAX ONE TECHNOLOGY LTD. (AVX) filed an 8‑K reporting the results of its Annual Meeting of Shareholders held May 29, 2026 (record date April 17, 2026) at the company’s Vancouver offices. There were 92,335,380 common shares outstanding as of the record date; 48,737,869 shares were voted in person or by proxy (52.784% of shares outstanding).
• Shareholders approved key items including (a) election of five directors, (b) ratification of CBIZ CPAs P.C. as auditor for fiscal 2026, (c) approval of a reverse split of common shares in a ratio between 1‑for‑2 and 1‑for‑12, and (d) an advisory (non‑binding) vote to approve 2025 executive compensation.

Key Details

• Shareholder turnout: 48,737,869 votes cast (52.784% of 92,335,380 shares outstanding).
• Director elections (votes For / Withhold; broker non‑votes: 16,911,744 each):
  • Matt Zhang: For 31,285,151; Withhold 540,974
  • Young Chi Cho: For 31,735,727; Withhold 90,398
  • Amy Griffith: For 31,299,893; Withhold 526,232
  • Daniel Mendes: For 31,749,745; Withhold 76,380
  • Xiao‑Xiao Jichua Zhu: For 31,735,514; Withhold 90,611
• Auditor ratification: CBIZ CPAs P.C. approved — For 47,725,597; Against 927,158; Abstain 85,114.
• Reverse split: Approved (board authorized to implement ratio between 1:2 and 1:12) — For 46,903,966; Against 1,786,289; Abstain 47,614.
• Advisory vote on 2025 executive compensation: For 31,341,982; Against 435,293; Abstain 48,850; Broker Non‑Vote 16,911,744.

Why It Matters

• The approved reverse stock split will reduce the number of outstanding shares (by a factor the board may set between 1:2 and 1:12). That can increase the company’s per‑share price and affect liquidity and share count used for future reporting and calculations.
• Ratification of CBIZ CPAs P.C. provides continuity in independent audit services for fiscal 2026.
• Election results determine board composition and governance for the coming year; the advisory approval of executive pay is non‑binding but signals shareholder sentiment on compensation.
• Investors should watch for a subsequent announcement from the company specifying the effective split ratio and timing, and for any filings that quantify post‑split share count and impact.