According to The Defiant report, Nasdaq-listed AVAX One Technology disclosed in an 8-K filing that CEO Jolie Kahn resigned on July 3, and COO Pete Wylie will serve as interim CEO. The company stated that the departure was "mutually agreed" and that there were no disagreements regarding operations, policies, or practices. This executive change comes as the company faces Nasdaq compliance pressure: it had previously received a notice because its stock price fell below the $1 minimum closing bid requirement, and it completed a 1:12 reverse stock split in June.

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