Mawson Infrastructure Group Inc. Enters Material Definitive Agreement

TL;DR

Mawson (MAW) signed a big deal, filing shows.

AI Summary

Mawson Infrastructure Group Inc. announced on September 9, 2024, that it has entered into a material definitive agreement. The company, formerly known as Wize Pharma, Inc., is incorporated in Delaware and has its principal executive offices in Midland, Pennsylvania.

Why It Matters

This filing indicates a significant new contract or partnership for Mawson Infrastructure Group, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities, the specifics of which are not detailed in this initial filing.

Key Players & Entities

• Mawson Infrastructure Group Inc. (company) — Registrant
• September 9, 2024 (date) — Date of earliest event reported
• Wize Pharma, Inc. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Midland, Pennsylvania (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value MIGI The Nasdaq Stock Mar
• $1,380,509 — he Lease, as amended, are approximately $1,380,509, with annual increases of 3.1%. All oth
• $100,000 — nsideration for the payment of a fee of $100,000 worth of restricted shares of the Compa

Filing Documents

• ea0214178-8k_mawson.htm (8-K) — 32KB
• ea021417801ex99-1_mawson.htm (EX-99.1) — 15KB
• ea021417801ex99-2_mawson.htm (EX-99.2) — 40KB
• 0001213900-24-077497.txt ( ) — 271KB
• migi-20240909.xsd (EX-101.SCH) — 3KB
• migi-20240909_lab.xml (EX-101.LAB) — 33KB
• migi-20240909_pre.xml (EX-101.PRE) — 22KB
• ea0214178-8k_mawson_htm.xml (XML) — 3KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement On September 9, 2024, Mawson Infrastructure Group, Inc. (the "Company") entered into the Third Amendment to Lease Agreement (the "Amendment") which amended the existing Lease Agreement, dated as of September 20, 2021, by and between the Company and Jewel Acquisition, LLC, pursuant to which the Company leases approximately 8 acres of land and improvements located at 950 10 th Street (950 Railroad Avenue), Midland (Beaver County), Pennsylvania (the "Lease"). The Amendment extends the Lease from September 14, 2024 to September 14, 2027 and sets new rental rates that are effective as of September 15, 2024. Future minimum lease payments for the Lease, as amended, are approximately $1,380,509, with annual increases of 3.1%. All other terms of the Lease remain in full force and effect. The description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of such document, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and which is incorporated herein by reference.

01 Other Events

Item 8.01 Other Events On September 11, 2024, the Company entered into a Marketing Services Agreement (the "Agreement") with Outside The Box Capital Inc. ("Box Capital") pursuant to which Box Capital will provide certain marketing and distribution services to the Company for a six month term in consideration for the payment of a fee of $100,000 worth of restricted shares of the Company's common stock, as approved by the Company's board. The preceding summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 99.2 hereto and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Lease Amendment between Mawson Infrastructure Group and Jewel Acquisition, LLC dated September 9, 2024. 99.2 Marketing Service Agreement Letter by and between the Company and Outside the Box Capital, Inc., dated September 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The Company cautions that statements in this report that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as "expect," "intend," "plan," "anticipate," "believe," and "will," among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of Mawson's need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies, and further or new regulation of digital assets. the evolution of AI and HPC market and changing technologies, the slower than expected growth in demand for AI, HPC and other accelerated computing technologies than expected, the ability t

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Mawson Infrastructure Group Inc. Date: September 11, 2024 By: /s/ Kaliste Saloom General Counsel and Corporate Secretary 2

View Full Filing

View this 8-K filing on SEC EDGAR