Financing ·
AVAX One Technology Ltd. entered into an amendment to a previously disclosed Securities Purchase Agreement on August…
AVXAvax One Technology Ltd.
AVAX One Technology Ltd. entered into an amendment to a previously disclosed Securities Purchase Agreement on August 14, 2026. In exchange for a waiver of a negative covenant and a release of related claims, the Company agreed to increase the principal amounts of three existing notes: a May 21, 2025 note from $110,000 to $121,000, a July 21, 2025 note from $277,778 to $305,556, and a September 25, 2025 note from $550,000 to $605,000. The amendment also modifies negative covenants regarding a key person provision and increases the required cash and Bitcoin balance from $100,000 to $3,500,000. The company operates in the technology sector.