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AVAX One Regains Nasdaq Compliance After Reverse Stock Split
AVAX One Technology, a crypto treasury company that holds Avalanche (AVAX), announced Thursday that it has regained compliance with Nasdaq's minimum bid price requirement. The company said Nasdaq confirmed it met Listing Rule 5550(a)(2), which requires a stock's closing bid price to stay at or above $1.00. The West Palm Beach, Florida-based firm had faced a listing issue after its stock price fell below the threshold earlier this year. To address this, AVAX One implemented a 1-for-12 reverse stock split in June, which successfully lifted the share price above the $1...