Nasdaq puts $675 million Avalanche Treasury on the clock over two listing failures
AVAT received Nasdaq notices for two listing deficiencies: its closing bid price stayed below $1 and its market value of listed securities stayed below $35 million for 33 consecutive business days. The company has until Feb. 2, 2027, to regain compliance, and its shares still trade on Nasdaq. To fix the bid-price issue, AVAT may use a reverse stock split and could qualify for an additional 180-day grace period under certain conditions. But a reverse split would not solve the market-value deficiency, which requires a rise in equity value or another remedy. AVAT said it has not announced a final plan. The company holds more than 15 million AVAX and uses some holdings to support financing, while positioning itself as an active allocator in the Avalanche ecosystem. Weak crypto markets are pressuring similar treasury firms.
