On March 18, 2026, AVAX ONE TECHNOLOGY LTD. filed a Form 8-K with the Securities and Exchange Commission (SEC) to report the filing of a prospectus supplement in connection with its effective Registration Statement on Form S-3 (file no. 333-291977). This filing is significant as it includes a legality opinion prepared as Exhibit 5.1, which is essential for the company’s compliance with securities regulations. The prospectus supplement outlines the details regarding the offering of common shares, including the selling stockholders and the number of shares they intend to sell. Notably, the selling stockholder table has been revised based on updated information provided by the selling stockholders. The two primary selling stockholders mentioned are Hypersphere Atlas Master Fund Ltd. and Hypersphere Parallel Network Master Fund LP, with respective shares of 242,152 and 345,932 to be sold. This update is crucial for investors as it provides clarity on the ownership structure and potential dilution of shares. The company’s address is listed as 800-525 West 8th Avenue, Vancouver, BC, Canada, and it is incorporated in British Columbia. The filing indicates that AVAX ONE TECHNOLOGY LTD. is classified as an emerging growth company, which may influence its reporting and compliance obligations. Overall, this filing is expected to have a small positive effect on the stock price as it reflects the company’s ongoing efforts to raise capital and comply with regulatory requirements.
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