Avalanche Treasury Corp. reported a $44.7 million net loss for the second quarter, with roughly $35.7 million of that chalked up to AVAX-linked losses. The company also approved a $10 million repurchase program for its Class A shares.
Where the loss came from
The AVAX-related hit includes fair-value changes, realized digital-asset losses, and impairments. As of June 30, the company held 15,312,363 AVAX tokens with a reported fair value of $99,989,818. Staking revenue, net of fees, came to $1.5 million in Q2 and $3.6 million for the first half of the year.
Another $15.2 million in one-time costs tied to completing its business combination added to the bottom-line drag.
The $10 million share repurchase
Management called the buyback program a way to create shareholder value while acknowledging a market disconnect. The repurchase covers Class A shares.
Nasdaq compliance: one issue closed, another still open
Nasdaq closed a compliance matter related to the market value of listed securities. That came after Avalanche Treasury reported $83.8 million in stockholders' equity, which satisfies the alternative threshold of at least $2.5 million under Nasdaq Rule 5550(b)(2). The Aug. 7 notice gave the company an initial compliance period through Feb. 2, 2027.
But the latest filing doesn't offer any update on the bid-price issue. That separate listing requirement remains unresolved, and no timeline for resolution was given.
