Abaxx Technologies Inc. – A Righteous Stand Against Baseless Short‑Selling Allegations

In the wake of a relentless short‑selling campaign by Viceroy Research Group, Abaxx Technologies Inc. (TSX: ABXX, OTCQX: ABXXF) has mounted a vigorous defense, demanding regulatory scrutiny while asserting its financial robustness. The company’s recent statements, corroborated by a strategic partnership with the prestigious U.S. law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, aim to neutralise the fallout from a series of defaming reports that threaten investor confidence and market integrity.

1. The Allegations and the Company’s Rebuttal

Viceroy’s reports have been described by Abaxx as a “short‑and‑distort” campaign, purporting to sow misinformation and drag the stock price. According to Abaxx’s own disclosures, the assertions made by Viceroy are “false, unfounded and meritless.” The company has therefore taken concrete steps:

  • Regulatory Outreach: Abaxx has formally notified the Canadian Investment Regulatory Organization (CIRO) of potential manipulative or deceptive trading activity in its shares, and has requested an investigation. Parallel outreach has been made to the Monetary Authority of Singapore (MAS) concerning Viceroy’s impact on trading confidence in the Abaxx Commodity Exchange.
  • Legal Counsel: By engaging Paul, Weiss, Rifkind, Wharton & Garrison LLP, Abaxx has secured top-tier legal support to investigate wrongdoing by Viceroy and its affiliates. This move signals the company’s readiness to pursue all available legal remedies to protect its shareholders and the market’s integrity.

2. Financial Stability: A Shield Against Market Manipulation

Abaxx’s financial profile is a cornerstone of its defence. As of June 2026:

  • Cash Reserves: More than C$97 million in cash and cash equivalents, providing a solid liquidity buffer.
  • Cash Burn: An average net cash burn of C$12.3 million over the last two quarters, which is projected to sustain operations for approximately seven quarters without external financing.
  • Regulatory Position: The company is not under any regulatory investigation, a fact that underscores the absence of substantive concerns regarding its operations.

These figures demonstrate that Abaxx’s business fundamentals are sound, rendering the stock’s decline—if it occurs—more likely a consequence of external manipulation than intrinsic weakness.

3. Market Integrity on Abaxx Exchange

The company has highlighted its commitment to fair trading practices on its own exchange:

  • Prohibition of Wash Trading: Under Rule 508, wash trading is explicitly banned, and a robust surveillance program actively monitors market activity.
  • Transparency and Compliance: By proactively engaging regulators and maintaining rigorous oversight, Abaxx reinforces confidence among market participants and demonstrates a zero‑tolerance stance toward deceptive trading practices.

4. The Bigger Picture: Innovation, Impact, and Market Leadership

While the short‑seller controversy garners headlines, it must be contextualized within Abaxx’s broader mission and market position:

  • Industry Leadership: As a technology company specializing in advanced materials for automotive and aerospace sectors, Abaxx is poised to deliver lightweight, high‑performance components that enhance safety and sustainability.
  • Strategic Vision: By positioning itself as a catalyst for more efficient and reliable transportation systems, Abaxx is tapping into high‑growth sectors with substantial capital requirements—areas where its financial resilience becomes even more critical.

5. Conclusion: Defending Shareholder Value Against Baseless Attacks

Abaxx Technologies Inc. is not merely reacting; it is proactively safeguarding its value, market reputation, and the interests of long‑term shareholders. The company’s swift regulatory engagement, legal partnership, and transparent financial disclosures form a cohesive strategy to counteract the manipulative tactics employed by Viceroy Research Group. In a market where misinformation can trigger rapid devaluation, Abaxx’s decisive actions affirm its commitment to integrity, sustainability, and shareholder protection.

By insisting on rigorous investigations and maintaining robust financial health, Abaxx demonstrates that it will not be intimidated by short‑seller provocations. The onus now lies on Canadian regulators and the broader market to uphold the principles of fair trading and to ensure that Abaxx’s genuine innovations receive the recognition—and the share price they deserve—that the industry and its investors warrant.