AVAX One eliminated its remaining convertible debt after cutting over $14.9 million in the third quarter, then repurchased 710,000 shares in October. It still has $30.4 million available for more buybacks, supporting its outlook despite no details on the cash used.
This removes a way for debt holders to turn what they are owed into shares. Buying shares back returns cash to shareholders who sell, and the company still has money available for more purchases. The report does not say how much cash the debt payoff used.
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