Abaxx Strengthens Board and Executive Leadership Ahead of Annual General Meeting
Jeff Currie appointed Non-Executive Chairman of the Board; Josh Crumb continues as Chief Executive Officer Technology
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- Jeff Currie appointed Non-Executive Chairman of the Board; Josh Crumb continues as Chief Executive Officer
- Technology and energy veteran Alison Ford appointed Independent Director; Mark A. Jacobsen named Executive Legal Counsel and Head of Global Governance
- Leadership additions advance corporate governance commitments, aligning corporate communications and reporting frameworks with the Company’s next stage of growth
TORONTO, Nov. 10, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX) (OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company and majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced the appointment of Dr. Jeff Currie as Non-Executive Chairman of the Board, Alison Ford as an independent director, and Mark A. Jacobsen as Executive Legal Counsel and Head of Global Governance.
Dr. Currie, a director of the Company since 2023, has been appointed Non-Executive Chairman of the Board. He will also chair the Company’s Disclosure Committee and work with management to deepen engagement with institutional shareholders and capital markets. Josh Crumb continues as Chief Executive Officer, leading the execution of the Company’s strategic plans and the growth of its integrated market ecosystem. The previously announced interim Executive Co-Chairman arrangement for Abaxx Markets has concluded.
Alison Ford has been appointed to the Board of Directors as an independent director and will stand for election at the Annual General Meeting on December 10, 2026. She brings two decades of experience building and scaling technology and infrastructure businesses in regulated markets, including leadership roles at Slack, Kraken, MARA and Duke Energy.
Mr. Jacobsen joins from TSMP Law Corporation in Singapore, having served as lead external counsel on the licensing and recognition of the Abaxx Singapore entities. He brings extensive international legal and regulatory experience to support Abaxx’s expansion into new jurisdictions and broaden access to its markets.
The appointments build on the strength and expertise of Abaxx’s team, adding capacity for commercial expansion and technology integration across its exchange and clearing businesses. They also support the continued development of investor reporting that reflects the Company’s scale and maturity, including progress toward commercial and financial objectives. These efforts are designed to serve existing shareholders and engage a broader base of institutional investors.
Beginning with its fourth-quarter 2026 financial results, the Company intends to provide initial guidance on net cash usage and milestones toward cash-flow breakeven and introduce quarterly operational metrics consistent with those reported by major international exchange operators. In parallel, management, with oversight from the Audit Committee, continues to strengthen the Company’s internal controls over financial reporting and accounting processes as the business grows in scale and complexity.
“Our engagement with institutional investors increasingly centers on how the exchange and technology businesses we have built can work together to create long-term value,” said Josh Crumb, Founder and CEO of Abaxx. “I’m grateful for Jeff’s partnership in these relationships as Chairman while I focus on growing adoption of our markets and expanding the application of our technology. Alison and Mark are accomplished leaders whose judgment and depth of expertise will be invaluable as we build the next chapter of Abaxx.”
“Josh’s vision and persistence have driven the development of the next generation of commodity futures benchmarks and technology that can redefine how markets connect, transact and move capital,” said Dr. Jeff Currie, Non-Executive Chairman of the Board. “I want to thank Josh and the Abaxx team for bringing that vision for Smarter Markets to life. As we engage a broader range of institutional investors, my priority is to ensure our reporting reflects that growth, with consistent communication of our strategy, guidance on the path to breakeven and enhanced quarterly operating metrics to measure our progress.”
Upcoming Corporate Events
The Company expects to release its third-quarter financial results after market close on Wednesday, November 11, 2026, followed by its Q3 2026 Earnings and Business Update Call on Thursday, November 12, 2026, at 8:30 a.m. EST. Registration for Thursday’s webcast is available at investors.abaxx.tech/events.
The Company’s Annual General Meeting of Shareholders will be held on Thursday, December 10, 2026, at 1:00 p.m. EST.
Executive and Director Biographies
Dr. Jeff Currie, Non-Executive Chairman of the Board
A globally recognized commodities economist with over three decades of market leadership, Dr. Currie previously served as the longtime Global Head of Commodities Research at Goldman Sachs. His analytical frameworks have helped define institutional market strategies across global energy transitions, commodities, and macroeconomics. He holds a Master of Arts and a PhD in Economics from the University of Chicago.
Alison Ford, Independent Board Director
Alison brings two decades of executive and corporate governance experience across the software, energy, and digital asset exchange sectors. Having served on the leadership teams of Slack, Kraken, MARA, and Duke Energy, she is a seasoned operator with expertise in scaling disruptive platforms while navigating complex regulatory environments. Most recently she served as EVP and Chief of Staff at MARA, where she advised on energy and data center infrastructure strategy in the US, Europe and Middle East.
Mark A. Jacobsen, Executive Legal Counsel and Head of Global Governance
With more than two decades of international legal and compliance experience across five jurisdictions and four financial capitals—including the U.S., Hong Kong, and Singapore—he brings deep expertise in compliance architecture, regulatory strategy, and institutional market structuring. Most recently a Partner at TSMP Law Corporation in Singapore, Mr. Jacobsen has represented and advised public and private market participants before major international regulatory bodies, including the U.S. Securities and Exchange Commission, the U.S. CFTC, the Monetary Authority of Singapore and the Hong Kong Securities and Futures Commission. His extensive practice has encompassed counseling reporting companies on compliance, SEC registration and reporting, and listing matters before the NYSE and Nasdaq. Mr. Jacobsen holds a Juris Doctor from Stanford Law School and is a member of the California Bar.
About Abaxx Technologies
Abaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.
In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder of Abaxx Labs and the SmarterMarkets™ podcast.
For more information, visit investors.abaxx.tech, abaxx.exchange, abaxxspot.com and smartermarkets.media
Media Inquiries
Tara Hayes
tara@abaxx.tech
Investor Inquiries
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking Information
This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “propose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.
In particular, this press release contains forward-looking statements including, without limitation, statements regarding Abaxx’s objectives, future plans, development of its market infrastructure and technology and development and implementation of enhanced corporate governance and disclosure initiatives. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Factors that could cause actual results to differ materially include, among others: delays in implementation, or failure to implement some or all of the governance and disclosure initiatives on the expected timeline or at all; implementation costs for the governance and disclosure initiatives may be higher than expected; the governance and disclosure initiatives may not deliver the expected benefits;. risks relating to the global economic climate; the risk that trading volume, average daily volume, and open interest on Abaxx Exchange may not continue to grow, or may decline, if the liquidity-related credits provided under Abaxx’s market maker and liquidity provider programs are reduced, discontinued, or otherwise changed, or if market participants who currently trade on Abaxx Exchange in connection with such programs do not continue to trade, or do not increase their trading activity, independently of such programs; changes in market conditions, trading activity and participant responses; failure or delays related to the onboarding of clearing members; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of intellectual property and proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; the failure of energy, commodity markets and collateral use cases to develop according to the expectations of Abaxx; risks related to operations in foreign jurisdictions; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third-party software license risk; system failure risk; risk of technological change; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; volatile securities markets impacting security pricing unrelated to operating performance; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+.
In addition, particular assumptions which could impact future results of the business of Abaxx include, but are not limited to, Abaxx’s assumption that: the governance and disclosure initiatives can be implemented as planned and in a timely manner; market conditions will be supportive and participant demand will be sustained; trading volume and liquidity on Abaxx Exchange will continue to develop over time, independently of its market maker and liquidity provider programs; additional clearing members will complete onboarding and begin clearing activities according to Abaxx’s expectations; Abaxx will be able to execute its business plan and growth strategy; Abaxx will retain or successfully replace its key personnel; Abaxx will protect its intellectual property rights; energy and commodity markets will continue to develop according to Abaxx’s expectations; collateral use cases for Abaxx’s products will develop in line with Abaxx’s expectations; the demand for centrally cleared, physically deliverable futures and derivatives will grow as anticipated; regulatory approvals required for Abaxx’s products and operations will remain in good standing or will be obtained as required; applicable laws and regulations will not change in a way that adversely affects Abaxx’s business, and that its technology, systems and infrastructure will operate as intended without significant failure, security breach or disruption; third-party service providers, clearing and settlement partners and other service providers will continue to perform their obligations and act according to Abaxx’s expectations; general economic and capital market conditions, commodity prices, currency exchange rates and the supply chain environment will not deteriorate in a way that materially affects Abaxx or its participants, and that Abaxx’s competitive environment will not change materially. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of material factors, risks and assumptions is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking statements and information contained in this press release represent the expectations of Abaxx as of the date of this press release and, accordingly, are subject to change after such date. Abaxx undertakes no obligation to update or revise any forward- looking statements and information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Neither the Toronto Stock Exchange nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.
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