Avalanche Treasury Corp Flags Going-Concern Risk After 93% Stock Drop and AVAX Holdings Decline

Avalanche Treasury Corp told the U.S. Securities and Exchange Commission that its ability to continue as a going concern is in doubt after its stock fell 93% over the past month. According to NS3.AI, the company paid roughly $265 million for AVAX, but said the position was worth about $123 million by the end of March. The filing also said AVAT has pledged roughly 7.8 million of its 13.8 million AVAX as collateral for loans.