AVAX One regains NASDAQ compliance after reverse stock split

AVAX One Technology, the NASDAQ-listed company that has quietly amassed one of the largest public holdings of Avalanche’s native token, is back in compliance with the exchange’s listing requirements. The company cleared NASDAQ’s $1.00 minimum bid price threshold on July 9 after executing a 1-for-12 reverse stock split that went into effect on June 15.

AVAX One first received a deficiency notice from NASDAQ back in March 2026, flagging that its shares had fallen below the exchange’s minimum bid price for too long. The company secured a hearing extension that pushed the compliance deadline to July 6. After the reverse split took effect on June 15, AVAX One needed to hold its share price above $1.00 for 10 consecutive trading days. It hit that mark on July 9, just three days after the extended deadline.

The reverse split left the company with approximately 7.69 million post-split shares outstanding.

The Avalanche treasury play

AVAX One, which previously operated as AgriFORCE Growing Systems, has reinvented itself as the first publicly traded vehicle focused specifically on holding Avalanche tokens.

The company currently holds roughly 14 million AVAX in its treasury, representing nearly 3% of the total AVAX supply. Over 90% of those tokens are actively staked, generating an annualized yield of approximately 6%.

Between staking rewards and Bitcoin mining operations in Alberta and Ohio, AVAX One reports an annualized revenue run rate exceeding $11 million.

Leadership in transition

AVAX One is also navigating a leadership change. COO Pete Wylie has stepped in as interim CEO following the departure of Jolie Kahn.

The company has also signaled interest in expanding into advanced data center operations aimed at AI workloads.

What this means for investors

For crypto-native investors, the question is straightforward: why buy a stock that tracks AVAX when you can just buy AVAX? Some investors, particularly those operating through retirement accounts or institutional mandates, can’t hold tokens directly but can hold NASDAQ-listed equities. AVAX One gives them a vehicle to get that exposure.

With over 90% of its holdings staked at roughly 6% annualized, AVAX One is generating token-denominated income that accrues to shareholders indirectly.

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