According to Protos, the Nasdaq-listed Avalanche Treasury Corporation (AVAT) saw its stock price drop by about 93% within a month after completing its SPAC merger, with its market cap now below $30 million. SEC filings reveal that the company reported a net loss of approximately $26.8 million in Q1, primarily due to losses from changes in the fair value of AVAX. As of the 10-Q filing, the company had staked around 7.8 million AVAX with lenders. Protos noted that the company’s filings had flagged risks to its ability to continue as a going concern, but the same 10-Q later stated that after the business combination and receipt of loan funds, management believes these concerns have been alleviated for the 12-month outlook period. https://(wublock123.com)/news/avax-treasury-firm-avat-shares-drop-over-90-in-month-63748