Avax One Technology (AVX) Proxy filing summary

Executive summary

• Annual Meeting scheduled for September 23, 2024, with five key proposals for shareholder vote.

• Proposals include director elections, auditor ratification, a reverse stock split, and a new equity incentive plan.

• Shareholders of record as of August 14, 2024, are eligible to vote; proxy voting is encouraged.

• Board unanimously recommends approval of all proposals.

Voting matters and shareholder proposals

• Election of five directors for a one-year term expiring in 2025.

• Ratification of Marcum LLP as independent auditor for fiscal year 2024.

• Approval of a reverse stock split at a ratio between 1:15 and 1:100 to regain Nasdaq compliance.

• Approval of the 2024 Equity Incentive Plan, reserving 30 million shares for awards.

• Other business may be transacted as properly brought before the meeting.

Board of directors and corporate governance

• Board consists of five directors, all serving until the 2025 annual meeting if re-elected.

• Three standing committees: Audit, Nominations and Corporate Governance, and Compensation.

• Majority of directors are independent per NASDAQ standards.

• Advance notice provisions govern director nominations.