AVAX One (AVX) Plunges 24.89% to Record Low Post-Rebranding Shift to Blockchain Ecosystem

The share price of AVAX One (AVX) fell to a record low on Nov. 14, with an intraday decline of 24.89% following its strategic rebranding to a blockchain-focused entity. The company, formerly known as AgriFORCE Growing Systems, announced on Nov. 13 a shift toward the Avalanche (AVAX) blockchain ecosystem, including a name change and ticker symbol alteration to AVX on Nasdaq. The pivot aims to build a digital asset treasury through capital raises and staking rewards but has triggered significant volatility in its stock.

AVAX One’s repositioning includes a $550 million fundraising plan led by Hivemind Capital and backed by SkyBridge’s Anthony Scaramucci. The initiative, comprising a $300 million private investment and $250 million in equity-linked funding, seeks to accumulate AVAX tokens via staking and acquisitions. However, the company’s financial profile remains fragile, with a 95% drop in its stock price over the past year, a current ratio of 0.13, and a 1.67% gross profit margin. These metrics underscore the urgency of the strategic shift to stabilize value and attract investors.

The rebranding introduces regulatory and execution risks, including uncertainties around token classification and tax treatment. AVAX’s price volatility, tied to the company’s stock, amplifies financial exposure, while the lack of prior blockchain expertise raises competition concerns. CEO Jolie Kahn emphasized bridging traditional finance and Avalanche but acknowledged the absence of concrete timelines for token acquisitions. Investors will scrutinize progress in securing AVAX holdings and navigating regulatory hurdles, as the strategy’s success hinges on execution and market confidence in a high-risk, high-reward transition.