On March 13, 2026, AVAX One Technology Ltd. received a notification from The Nasdaq Stock Market LLC indicating that the company is not in compliance with Nasdaq listing rule 5550(a)(2). This rule requires that the closing bid price of a company's common stock must be at least $1.00 per share for 30 consecutive business days. The notice states that AVAX's stock price has fallen below this minimum requirement, which could lead to suspension or delisting of its securities unless the company takes action. In response, AVAX has requested a hearing before a Nasdaq Hearings Panel, which will allow the company to present its plans to regain compliance. The hearing request will automatically stay any suspension or delisting action pending the outcome of the hearing and any additional extension period granted by the Panel. However, there are no guarantees that the Panel will grant a favorable decision or that the company's securities will remain listed on the Nasdaq Capital Market. This situation raises concerns about the company's liquidity and operational execution, as a delisting could significantly impact investor confidence and access to capital markets.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.