AVAX ONE TECHNOLOGY LTD. (AVX) Form 8-K — Aug 17, 2026
On August 14, 2026, Avax One Technology Ltd. entered into an amendment with one of its institutional debenture investors, receiving a waiver of a negative covenant and a release of related claims in exchange for increasing the principal amounts of three previously issued notes. The amended note principals rose from $110,000 to $121,000 (May 2025 note), from $277,778 to $305,556 (July 2025 note), and from $550,000 to $605,000 (September 2025 note), adding roughly $93,800 of principal and bringing the amended total to about $1.03 million.
Key figures
- Debt Amount
- $93,778 total principal increase across three notes (amended principal ~$1,031,556)
- Note jul2025 principal
- increased from $277,778 to $305,556
- Note may2025 principal
- increased from $110,000 to $121,000
- Note sep2025 principal
- increased from $550,000 to $605,000
- Consideration for waiver
- increased note principal plus release of related claims
- Min cash bitcoin covenant
- raised from $100,000 to $3,500,000
- Spa initial debenture principal
- $7.7 million
- Spa additional debenture capacity
- up to $42.3 million
Price after filing
Close on the filing date to close N calendar days later (from $3.05). Historical, not a forecast.
AI analysis
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