AVAX One repays, retires $6.8 million of convertible debentures
Reuters2026/08/05 22:18- Avax One Technology completed a restructuring of outstanding convertible debentures, retiring about $6.8 million of principal.
- Two institutional investors’ debentures were fully repaid, retired, and cancelled; a third investor’s debenture was partially reduced and amended.
- Restructuring included payment of repayment premiums and accrued interest, funded with cash on hand and a reduced escrow receivable.
- Amendment raised the minimum cash and bitcoin covenant to $3.5 million from $100,000.
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