Abaxx Refutes Misinformation Being Circulated and Addresses Recent Share Price Decline

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentAbaxx will also host an investor update call Thursday June 18, 2026, at 4:30 p.

m. ETSign In or Create an AccountEmail AddressContinueor View more offersArticle contentTORONTO, June 17, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd.

, the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today refutes misinformation being circulated and addresses the recent decline in the Company’s share price.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.

Article contentArticle contentSince our last Earnings Call on May 19, 2026, the share price has declined sharply to yesterday’s close of C$35.84, a level last seen in March of this year. This share price decline occurred despite the Company’s positive accomplishments over this period, including listing on the Toronto Stock Exchange (“TSX”) and closing a C$69 million bought deal financing at a price of C$54.

25.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.

Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way.

If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up.

Please try againInterested in more newsletters? Browse here.Article contentThere have been a number of unfounded accusations leveled at the Company during this period, which we will address below.

There have been no changes to the Company’s business strategy, and Abaxx continues to make progress on the key business objectives discussed during the last earnings call.Article contentWe understand investors have concerns regarding the accusations leveled at the Company in a recent report from Viceroy Research.Article contentThe largest insinuation in this report is their attempt to reframe the Company’s building of initial liquidity on Abaxx Exchange through market maker and liquidity provider incentive programs as somehow fraudulent.

Article contentTo be perfectly clear, wash trading is illegal and, pursuant to Rule 508 in Abaxx Exchange’s rulebook, is not permitted. Abaxx Exchange has a robust market surveillance program in place that actively monitors and reviews trading activity for signs of wash trading or other forms of possible market manipulation in alignment with regulatory requirements. Any suspected violations are subject to Abaxx Exchange’s disciplinary proceedings, which can include reporting to regulators.

Live trading data is published daily on our website and is available through third-party distributors including LSEG and TradingView. Abaxx market data is also available to clients of CQG, Stellar Trading Systems, Trading Technologies and Trayport.Article contentArticle contentMarket making and liquidity provider programs are run by every exchange and are instrumental in how new futures markets are built.

Abaxx management provided a comprehensive overview of the role of the incentive programs in how markets grow, and what investors should expect in terms of growth, volume, and open interest (“OI”) during the Company’s Q4’25 Earnings and Business Update Call on April 2, 2026 — a recording and transcript of which can be accessed at https://investors.abaxx.tech/events.

The costs associated with these programs can be viewed in the Company’s financial statements dated March 31, 2026 and May 15, 2026. Article contentThe report also criticizes the prevalence of calendar spread trading and lack of open interest, both of which are to be expected in a new market. As the trading activity of incentivized participants creates the initial liquidity needed for commercial hedgers to enter the market — hedgers who are more apt to put on outright positions and hold open interest — the Company expects both volumes and OI to increase.

Article contentThe Viceroy report incorrectly implies that Kilo Capital and Ivanhoe Capital are acting as undisclosed market makers or liquidity providers on Abaxx Exchange. Ivanhoe Capital and Kilo Capital are not, and have not been, a part of any market making or liquidity provider programs on Abaxx Exchange. The two firms participated in the Company’s Digital Title Pilot Program, which has been intentionally conducted outside of the Abaxx Exchange and Abaxx Clearing environments, as confirmed on Abaxx’s August 2025 Mid-Year Investor Update Call.

For more details on the Digital Title P