Abaxx Technologies is currently pushing back against a wave of misinformation that has led to a significant and unwarranted decline in its share price. Following a sharp drop to C$35.84—levels not seen since March—the company is moving to restore investor confidence. Despite achieving major milestones, such as listing on the Toronto Stock Exchange and successfully closing a C$69 million financing deal at C$54.25, the company has found itself the target of a critical report from Viceroy Research. Management is now stepping forward to clarify that there has been no change to their core business strategy and that they remain firmly on track to meet the objectives outlined in their recent earnings calls.
At the heart of the controversy, Viceroy Research has attempted to portray Abaxx’s liquidity incentive programs as a form of fraudulent “wash trading.” Abaxx categorically rejects this, emphasizing that such claims are not only false but ignore the industry-standard practices used by every major exchange to build momentum in a new market. The company points out that these programs have been transparently discussed in previous regulatory filings and earnings calls, and that all trading data is subject to rigorous surveillance. By providing live, audited data to major industry distributors, Abaxx is ensuring that its operations remain completely transparent and fully compliant with the regulatory standards required in both Singapore and Canada.
The company also addressed the misleading claims leveled against its financial health and partner relations. Viceroy’s report alleged that Abaxx is burning through cash at an unsustainable rate, a claim the company labels as materially inaccurate, noting that the report overstates their actual burn rate by more than 50%. Furthermore, Abaxx clarified its relationship with Cboe, explaining that the exit of Cboe as an early investor was the result of a strategic change in Cboe’s own global business plans under new leadership, rather than a failure of the partnership. After buying back Cboe’s position, Abaxx has in fact increased its ownership stake in Abaxx Singapore to over 95%, creating a more streamlined and accretive structure for its shareholders.
Additionally, the company is debunking allegations that its exchange platform lacks proprietary value. In response to the claim that their technology is merely an “off-the-shelf” product, management points to the complex, integrated architecture required to run a regulated clearinghouse and exchange. This ecosystem involves a sophisticated network of clearing members, settlement banks, and institutional software vendors—components that simply cannot be bought “off-the-shelf.” The company has officially engaged with regulatory authorities in both Canada and Singapore, offering full cooperation and access to all internal records to demonstrate the legitimacy and integrity of its technological infrastructure.
To further reassure stakeholders, Abaxx is doubling down on its commitment to radical transparency. The company has scheduled an investor update call for June 18, 2026, where management will personally address the questions and concerns submitted by shareholders. By hosting this session, Abaxx hopes to clear the air, debunk the unfounded rumors surrounding their business model, and refocus the conversation on their long-term goal: building smarter, more secure markets that facilitate the global energy transition and support an AI-augmented economy. They remain confident that their recent capital raise has placed them in a secure position to continue executing their business plan.
Ultimately, Abaxx remains focused on its mission to provide critical infrastructure for future-proof commodities like LNG, carbon, and battery metals. While the recent market volatility has been challenging, the company asserts that the fundamental value proposition of its business remains intact. By distinguishing between speculative, unfounded accusations and the reality of their operational progress, Abaxx aims to guide their investors back to the measurable data that defines their growth. The company’s message is clear: they are not just building software; they are building the necessary architecture for the next century of global trade, and they intend to continue that work with full transparency.