Abaxx seeks probe after short-seller campaign

Abaxx Technologies Inc. has initiated a series of actions in response to a short-selling campaign targeting its shares by Viceroy Research. The company has retained the U.S. law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP to assist as it addresses the allegations and related trading activity in its stock.

As part of its response, Abaxx has asked Canadian market regulators, including the Canadian Investment Regulatory Organization, to investigate whether manipulative trading occurred in its shares. The company requested a review of trading activity by Viceroy Research and other parties linked to the recent short-selling activity.

In addition to its approach to Canadian regulators, Abaxx stated that its Singapore business has proactively contacted the Monetary Authority of Singapore. This outreach is focused on allegations made by the short seller and is part of the company’s broader effort to address regulatory and market integrity concerns.

Abaxx emphasized that, as of its June 21, 2026 press release, neither the company nor its subsidiaries are under investigation. The firm is instead asking regulators to examine potential misconduct surrounding trading in its common shares, particularly in connection with the short-selling campaign.

In the same June 21, 2026 update, Abaxx reported that it holds more than C$97 million in cash and cash equivalents as of June 2026. This disclosure was presented as part of an effort to underline the company’s current financial resources while it manages the fallout from the short-seller activity.

The reported cash position provides an indication of Abaxx’s available liquidity at a time when its share trading and public disclosures are under heightened scrutiny. The company linked its financial data to its broader message of reaffirming its business fundamentals in the face of what it describes as misinformation.

Abaxx also released updated operating metrics for its Abaxx Exchange through June 19, 2026. For June to that date, the exchange recorded average daily volume of 16,846 contracts and average daily open interest of 1,343.

These June figures compared with May averages of 15,092 contracts in daily volume and 405 in daily open interest. The changes represent increases of 12% in average daily volume and 232% in average daily open interest between May and the partial month of June.

By highlighting these trading metrics, Abaxx pointed to growing activity on its exchange alongside the steps it is taking to address questions raised by the short-selling report. The company’s recent disclosures combine operational data, liquidity information, and regulatory engagement in a coordinated response to the campaign against its shares.