Decrypt reported that AvalancheOne Technologies (AVX), an Avalanche (AVAX) accumulation company (DAT), has once again met the Nasdaq minimum listing price requirements. AvalancheOne had been unable to meet the listing requirements due to a decline in its stock price, but it reduced the number of outstanding shares through a 1-for-12 reverse stock split on the 15th of last month (local time). Subsequently, the requirement was met as the stock price recovered to over $1 for 10 consecutive trading days from the 15th to the 29th (local time). AvalancheOne holds approximately 14 million AVAX ($95 million) and is staking it with an annual yield of approximately 6%. Currently, the company's market capitalization is below its held AVAX.
