AVAX One meets Nasdaq’s $1.00 minimum bid price rule
AVAX One Technology, a crypto treasury firm, has regained compliance with Nasdaq’s minimum bid price requirement.
The company’s shares closed above the $1.00 threshold for 10 consecutive trading days, satisfying the requirement.
AVAX One conducted a 1-for-12 reverse stock split on June 15, cutting its supply from over 92.3 million shares to just under 7.7 million shares.
The company is now focused on growth and profitability initiatives.