AVAX One Technology Updates $40M Share Repurchase Program

What Happened
On October 1, 2026, AVAX One Technology Ltd. (AVX) issued a press release providing an update on its previously authorized $40.0 million share repurchase program. The company furnished the press release under Item 7.01 (Regulation FD Disclosure) of a Form 8-K; the press release is attached as Exhibit 99.1. The filing notes the furnished information is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act.

Key Details

• Date of disclosure: October 1, 2026.
• Repurchase program authorization: $40.0 million (previously authorized).
• Disclosure type: Press release furnished under Regulation FD (Exhibit 99.1).
• Legal note: Information is furnished, not filed, and isn’t incorporated by reference unless expressly stated.

Why It Matters
A company update about a $40 million share repurchase program is material to investors because buybacks can affect shares outstanding, earnings per share, and signal management’s view of the company’s valuation. This Form 8-K furnishes the press release but does not itself provide additional financial details or changes to the authorization; investors should read the attached press release for specifics on timing, pace, or funding of repurchases.