AVAX One, a treasury company, launches a $40 million stock buyback program.

Odaily Planet Daily reports that AVAX One, a Nasdaq-listed treasury company, announced its board of directors has approved a $40 million share repurchase program. The program will run for one year and may be conducted from time to time through public market transactions or other means permitted by applicable securities laws and regulations. The timing and amount of the repurchases will depend on market conditions, regulatory requirements, capital allocation plans, and other company factors. (Prnewswire)