AVAX ONE TECHNOLOGY LTD. Files Form 8-K: Key Corporate and Shareholder Developments

Overview

AVAX ONE TECHNOLOGY LTD., formerly known as AGRIFORCE GROWING SYSTEMS LTD., has filed a Form 8-K with the SEC, reporting several important events that could be significant to shareholders and potentially affect share value. The filing is dated March 18, 2026, with the earliest event reported on March 12, 2026.

Key Points from the Report

• Name Change and Corporate Identity:
  The company underwent a name change from AGRIFORCE GROWING SYSTEMS LTD. to AVAX ONE TECHNOLOGY LTD. This rebranding may signal a shift in corporate strategy or operations, which is relevant for investors tracking the company’s direction.
• Industry and Business:
  AVAX ONE TECHNOLOGY LTD. is categorized under Finance Services, specifically focusing on Crypto Assets. The company is incorporated in British Columbia, Canada, and maintains its principal executive office at 800-525 West 8th Avenue, Vancouver, BC V5Z1C6.
• Emerging Growth Company Status:
  AVAX ONE TECHNOLOGY LTD. is designated as an emerging growth company under SEC regulations. This status could impact the company’s regulatory compliance and access to capital, and may affect investor perceptions and share price.
• Registration and Legal Opinion:
  On March 12, 2026, AVAX ONE filed a prospectus supplement related to its Registration Statement on Form S-3 (File No. 333-291977). The Form 8-K includes the legality opinion as Exhibit 5.1. This is a critical step for any company seeking to raise capital or issue securities.
• Revision to Selling Stockholder Table:
  The prospectus supplement has updated the selling stockholder table based on new information provided by the selling stockholders. Details of these revisions are provided below and may be highly relevant to investors:
  • Hypersphere Atlas Master Fund Ltd. holds 242,152 common shares issued in a private placement on November 5, 2025. The Investment Manager is Hypersphere Atlas Management Ltd. The business address is Harneys Fiduciary (Cayman) Limited, Grand Cayman.
  • Hypersphere Parallel Network Master Fund LP holds 345,932 common shares issued in a private placement. The Investment Manager is Hypersphere Parallel Network Management LP, with the address at Maples Corporate Services Limited, Grand Cayman.
  • Total shares to be offered: These two funds together will be offering up to 588,084 common shares, which represents a significant potential increase in the float and could impact share price depending on market demand and investor sentiment.

Shareholder Information and Potential Price Sensitivity

• Securities Registered:
  The company’s common shares are registered under Section 12(b) of the Securities Exchange Act and are traded on the Capital Market. The trading symbol was not specified, but this registration ensures liquidity and transparency for shareholders.
• Potential Share Price Impact:
  The planned sale of 588,084 common shares by institutional investors (Hypersphere Atlas Master Fund Ltd. and Hypersphere Parallel Network Master Fund LP) may represent a substantial increase in supply. If not matched by demand, this could exert downward pressure on the share price. Conversely, if the offering is well-received, it could reflect confidence in the company’s prospects.
• Forward-Looking Statements:
  The company notes that portions of this report may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995, subject to risks and uncertainties. Actual outcomes could differ materially, and the company expressly disclaims any obligation to update these statements.

Exhibits

• Exhibit 5.1: Legality Opinion – This document affirms the legal status of the securities being offered, providing assurance to investors regarding the offering’s compliance.
• Exhibit 104: Cover Page Interactive Data File – Ensures digital accessibility and transparency for investors.

Corporate Signatory

The report is signed by Jolie Kahn, Chief Executive Officer of AVAX ONE TECHNOLOGY LTD., confirming the authenticity and accountability of the disclosed information.

Investor Takeaway

Summary: The key news in this filing is the planned sale of a significant number of common shares by institutional investors, which could impact share price and shareholder value. Investors should monitor trading activity and demand for these shares, as well as any further filings or updates from the company. The company’s status as an emerging growth entity and its focus on crypto assets also make it potentially sensitive to broader market trends and regulatory changes.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. All forward-looking statements are subject to risks and uncertainties, as described by AVAX ONE TECHNOLOGY LTD. in its SEC filings. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. The author assumes no responsibility for the accuracy of information contained herein or for any actions taken based on this article.

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