The Avalanche-focused treasury company cleared the $1 minimum bid rule on July 9 after a 1-for-12 reverse split, while staking most of its AVAX holdings and maintaining Bitcoin mining operations.
AVAX One Technology said it is back in compliance with Nasdaq’s $1.00 minimum bid requirement after its shares remained above the threshold for 10 consecutive trading days following a 1-for-12 reverse stock split that took effect on June 15. The company had received a deficiency notice in March 2026 and secured a hearing extension that pushed its compliance deadline to July 6 before meeting the requirement on July 9. The reverse split left AVAX One with about 7.69 million shares outstanding. The company, formerly AgriFORCE Growing Systems, has repositioned itself as a publicly traded vehicle focused on holding Avalanche’s AVAX token. It holds roughly 14 million AVAX, representing nearly 3% of total supply, with more than 90% of those tokens staked at an annualized yield of about 6%. AVAX One says its combination of staking rewards and Bitcoin mining operations in Alberta and Ohio produces an annualized revenue run rate of more than $11 million. COO Pete Wylie has stepped in as interim CEO following the departure of Jolie Kahn, while the company also signaled interest in expanding into advanced data center operations for AI workloads. The structure offers investors who cannot hold tokens directly, including some retirement-account and institutional investors, listed equity exposure to AVAX and token-generated income through the company’s treasury strategy.