Key Highlights

  • Jolie Kahn has departed as CEO of AVAX One Technology Ltd. Effective July 3, 2026.
  • Peter Wylie Jr. Appointed interim CEO while simultaneously serving as COO, with a new salary of $40,000 per month.
  • Kahn's departure includes a lump sum payment of $160,000 and a stock grant valued at $250,000.

AVAX One Technology Ltd. A company operating in the semiconductor and software‑enabled services space, is navigating a notable shift in its executive team after the exit of Chief Executive Officer Jolie Kahn. The resignation took effect on July 3, 2026, and the parties have described the decision as mutually agreed without dispute over corporate policy or performance. The board has indicated that a permanent replacement will be identified in the near term.

Interim Leadership Appointment

In the wake of the CEO departure, Chief Operating Officer Peter Wylie Jr. Has been installed as interim Chief Executive Officer. This arrangement enables Wylie Jr.

To retain his operational responsibilities while assuming added strategic duties. In line with the expanded role, the company has adjusted his remuneration to $40,000 per month, reflecting market‑aligned compensation for senior leadership.

Financial Arrangements Linked to the Separation

The terms governing Ms. Kahn’s exit are set out in the Kahn Separation Agreement. Under those provisions, she will receive a lump‑sum cash payment of $160,000.

In addition, the agreement provides for the issuance of common shares whose fair market value totals $250,000. The release that finalizes the settlement is attached to this filing.

Unregistered Equity Transaction

The share issuance described above is being carried out under an applicable exemption from registration requirements in the United States securities framework. Consequently, the transaction does not require filing a registration statement with the Securities and Exchange Commission. This approach is common for private placements involving company insiders and aligns with prevailing regulatory guidance.

Additional Terms of the Separation Agreement

Beyond the monetary components, the separation agreement imposes customary post‑employment covenants, including non‑competition and non‑solicitation restrictions designed to protect AVAX One’s business interests. The release clause requires Ms. Kahn to waive any current or future claims against the company, thereby providing certainty for both parties as they move forward.

Forward‑Looking Statements

AVAX One Technology Ltd. Reiterates that its forward‑looking statements are subject to a range of risks and uncertainties, including market volatility, product development timelines, and the successful execution of its strategic initiatives. Investors are cautioned that actual outcomes may differ materially from the expectations expressed herein.

Public Announcement

The company disclosed the leadership change and related transaction in a press release issued on July 6, 2026. The communication outlined the compensation and equity elements of the separation, as well as the interim CEO appointment, underscoring AVAX One’s commitment to continuity and shareholder transparency during this transition period.

FAQs

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