AVAX One clears Nasdaq bid-price rule after reverse split
The Avalanche-focused crypto treasury firm said Nasdaq has closed its minimum bid-price compliance issue after its shares held above $1 for 10 sessions.
By Sofia Marchetti · Columnist
· 3 min read
AVAX One Technology has regained compliance with Nasdaq’s minimum bid-price rule, removing a listing problem that mattered for anyone tracking the company’s public-market access. For retail investors, the key point is straightforward: staying listed on Nasdaq can affect a stock’s visibility, trading access and credibility with the market.
The West Palm Beach, Florida-based company said Thursday that Nasdaq confirmed it had satisfied Listing Rule 5550(a)(2). That rule requires a company’s closing bid price, meaning the price buyers are offering for the stock at the end of trading, to remain at or above $1 per share.
According to AVAX One, Nasdaq determined that the company’s shares closed above the $1 threshold for 10 straight trading days from June 15 through June 29. The company said that closed the compliance matter.
How the reverse split helped
AVAX One said it completed a 1-for-12 reverse stock split on June 15 to address the Nasdaq requirement. In a reverse split, a company reduces the number of shares outstanding while increasing the per-share price by the same ratio, before normal market moves. It does not by itself change the company’s total market value.
In this case, AVAX One said the split reduced its share count from more than 92.3 million shares to just under 7.7 million shares. That mechanical change helped lift the quoted share price above Nasdaq’s minimum threshold.
Interim CEO Pete Wylie said in the company’s announcement that AVAX One was pleased to have regained compliance and thanked shareholders for their trust during the process. He said the company is now focused on growth and profitability initiatives.
Wylie became interim CEO last week after former CEO Jolie Kahn left the company, according to AVAX One. The company said its board is looking for a permanent chief executive.
What AVAX One does
AVAX One describes itself as a crypto treasury company with three main business lines: an Avalanche digital asset treasury, Bitcoin mining and artificial intelligence infrastructure.
The company said it holds roughly 14 million Avalanche tokens, known as AVAX, with a value near $95 million. AVAX One said those tokens are staked at an approximate 6% net yield. Staking is the process of locking tokens to help support a proof-of-stake blockchain network in exchange for rewards.
AVAX One also said it operates Bitcoin mining sites in Alberta, Canada, and Ohio that generate cash flow. Bitcoin mining uses specialized computers to process transactions and secure the Bitcoin network, with miners earning Bitcoin rewards when they successfully add new blocks.
The company said it is also exploring AI infrastructure projects focused on what it calls the “missing middle”: sites in the 5-megawatt to 50-megawatt range. AVAX One said those projects would target enterprise inference, edge computing and regulated industries that it says are not the main focus of larger hyperscale data centers.
AVAX One is part of a wider group of crypto treasury companies that emerged in 2025, following the model associated with Strategy, formerly MicroStrategy, which became known for holding Bitcoin on its balance sheet. The company’s Nasdaq compliance update gives investors one less listing issue to track as AVAX One works through its leadership change and multi-part crypto infrastructure strategy.
This story draws on original reporting from Decrypt.
