Avalanche Treasury Corp's stock price plunges by 93%, AVAX holdings value shrinks

According to The Defiant, Nasdaq-listed company Avalanche Treasury Corp warned of substantial doubts about its ability to continue as a going concern in its SEC quarterly report. The company's stock price has fallen 93% over the past month, dropping from over $10 in early June to below $0.73 on June 29. Avalanche Treasury Corp plans to build a $1 billion AVAX position, with the approximately $265 million AVAX purchase cost now reduced to about $123 million.