NASDAQ: AVAT
Avalanche Treasury CorpCIK 0002092446 · SIC 6199 · Finance Services
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Avalanche Treasury Corp registers resale of up to 15.7M Class A shares by selling holders; stock at $0.386
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Avalanche Treasury shifts 3.1M AVAX into staking, raising staked share to 47%
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Latest financial statements
From 10-Q filed Aug 19, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statement of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Six months ended June 30, 2026 |
|---|---|---|
| Staking revenue, net of fees | 1,545,470 | 3,602,544 |
| Operating expenses: | ||
| General and administrative | 3,498,994 | 5,441,428 |
| Transaction costs incurred in connection with the Business Combination (Note 3) | 15,213,769 | 15,213,769 |
| Change in fair value of digital assets | 14,596,810 | 60,789,394 |
| Realized loss on digital assets | 10,019,063 | 10,496,494 |
| Impairment of digital assets | 11,100,549 | 16,160,282 |
| Loss from operations | (52,883,715) | (104,498,823) |
| Other income (expense): | ||
| Change in fair value of token sale liability | 16,611,782 | 41,419,685 |
| Loss on settlement of token sale liability | (6,958,697) | (6,958,697) |
| Initial recognition of Earn-Out liability | (3,153,333) | (3,153,333) |
| Change in fair value of Earn-Out liability | 2,780,000 | 2,780,000 |
| Initial recognition of post share issuance liability | (3,700,000) | (3,700,000) |
| Change in fair value of post issuance liability | 2,700,000 | 2,700,000 |
| Other income | 14,815 | 35,874 |
| Interest expense | (83,808) | (83,808) |
| Interest income | 15,166 | 21,070 |
| Total other income (expense) | 8,225,925 | 33,060,791 |
| Net loss | (44,657,790) | (71,438,032) |
| Weighted-average number of shares of Class A Common Stock outstanding basic and diluted | 29,050,495 | 28,359,734 |
| Basic and diluted net loss per unit of Class A Common Stock | (1.54) | (2.52) |
Condensed Consolidated Balance Sheets
| Description | June 30, 2026 Unaudited | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash | 3,370,858 | 1,758,802 |
| USDC | 5,405,837 | 3,373,564 |
| Digital assets AVAX, current portion | 19,028,941 | — |
| Prepaid expenses and other current assets | 258,064 | 114,167 |
| Deferred transaction costs | — | 1,845,131 |
| Due from related party | — | 1,423,849 |
| Total Current Assets | 28,063,700 | 8,515,513 |
| Digital assets AVAX | 80,960,877 | 167,093,560 |
| Digital assets stAVAX | — | 15,246,914 |
| TOTAL ASSETS | 109,024,577 | 190,855,987 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Accounts payable and accrued expenses | 801,201 | 334,210 |
| Accrued transaction costs | — | 112,046 |
| Token sale liability | — | 40,010,988 |
| Accrued interest | 83,808 | — |
| Earn out liability | 373,333 | — |
| Post-closing shares liability | 1,000,000 | — |
| Note payable | 23,000,000 | — |
| TOTAL LIABILITIES | 25,258,342 | 40,457,244 |
| COMMITMENTS AND CONTINGENCIES (SEE NOTE 8) | ||
| STOCKHOLDERS’ EQUITY | ||
| Class A Common Stock, 550,000,000 shares authorized and 34,314,805 and 27,661,297 shares outstanding as of June 30, 2026 and December 31, 2025, respectively | 343,148 | 276,613 |
| Class B Common Stock, 100,000,000 shares authorized and 5,805,639 shares outstanding as of June 30, 2026 and December 31, 2025 | 58,056 | 58,056 |
| Preferred Stock, 50,000,000 shares authorized and unissued as of June 30, 2026 and December 31, 2025 | — | — |
| Subscription receivable | (4,100,380) | (5,922,749) |
| Additional paid-in capital | 218,498,993 | 215,582,373 |
| Accumulated deficit | (131,033,582) | (59,595,550) |
| TOTAL STOCKHOLDERS’ EQUITY | 83,766,235 | 150,398,743 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 109,024,577 | 190,855,987 |
Condensed Consolidated Statement of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 |
|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |
| Net loss | (71,438,032) |
| Adjustments to reconcile net loss to net cash used in operations: | |
| Digital assets received from staking rewards | (2,748,954) |
| Digital assets received from liquid staking rewards | (910,987) |
| Interest expense | 83,808 |
| USDC received recorded as other income | (35,874) |
| Digital assets disposed of through staking fees | 60,997 |
| Change in fair value of digital assets AVAX | 60,789,394 |
| Change in fair value of token sale liability | (41,419,685) |
| Loss on settlement of token sale liability | 6,958,697 |
| Initial issuance of earn-out share liability | 3,153,333 |
| Change in fair value of earn-out share liability | (2,780,000) |
| Initial issuance of post-closing shares liability | 3,700,000 |
| Change in fair value of post-closing shares liability | (2,700,000) |
| Realized loss on digital assets AVAX | 10,496,494 |
| Impairment of digital assets stAVAX | 16,160,282 |
| Changes in operating assets and liabilities: | |
| Prepaid expense | (12,701) |
| Accounts payable and accrued expenses | (171,322) |
| Due from related party | 1,423,849 |
| CASH USED IN OPERATING ACTIVITIES | (19,390,701) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |
| Disposal of USDC to USD | 3,000,000 |
| Purchase of USDC | (4,999,999) |
| CASH USED IN INVESTING ACTIVITIES | (1,999,999) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |
| Cash received from Notes payable | 23,000,000 |
| Shares issued to SPAC in connection with Business Combination | 2,756 |
| CASH PROVIDED BY FINANCING ACTIVITIES | 23,002,756 |
| NET CHANGE IN CASH | 1,612,056 |
| Cash, beginning of period | 1,758,802 |
| Cash, end of period | 3,370,858 |
| Supplemental disclosure of non-cash investing and financing activities: | |
| Shares issued for exchange of token sale liability | 5,550,000 |
| Subscription receivable, digital assets received at fair value | 564,449 |
| Subscription receivable, change in fair value related to subscription receivable collected | 1,257,920 |
| Deposits of AVAX staked into liquid staking activities | 27,511,488 |
| Receipt of AVAX from redemption in liquid staking activities sAVAX | 18,985,510 |
| Receipt of AVAX from redemption in liquid staking activities stAVAX | 11,569,313 |
| Prepaid expenses acquired from the SPAC in connection with the Reverse Recapitalization | 131,196 |
| Accrued expenses acquired from the SPAC in connection with the Reverse Recapitalization | 1,442,877 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗