Mawson Infrastructure Group Terminates Material Agreement

TL;DR

Mawson terminated a big deal with 09 Crypto Assets on Sept 6th.

AI Summary

Mawson Infrastructure Group Inc. announced the termination of a material definitive agreement on September 6, 2024. The agreement was with a party identified as '09 Crypto Assets'. The filing does not specify the nature of the agreement or the reasons for its termination.

Why It Matters

The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.

Risk Assessment

Risk Level: medium — Termination of a material agreement can indicate underlying business issues or a shift in strategic partnerships, posing potential risks.

Key Players & Entities

• Mawson Infrastructure Group Inc. (company) — Registrant
• 09 Crypto Assets (company) — Counterparty to terminated agreement
• September 6, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — nge on Which Registered Common Stock, $0.001 par value MIGI The Nasdaq Stock Mar
• $100 m — aving an aggregate sales price of up to $100 million, from time to time, through an "a
• $9,000,000 — Shares we could sell to an aggregate of $9,000,000), filed with the U.S. Securities and Ex
• $1,343,271 — , we sold 503,439 Shares for a total of $1,343,271. The Company has decided to terminate

Filing Documents

• ea0218730-8k_mawson.htm (8-K) — 31KB
• 0001213900-24-090919.txt ( ) — 201KB
• migi-20240906.xsd (EX-101.SCH) — 3KB
• migi-20240906_lab.xml (EX-101.LAB) — 33KB
• migi-20240906_pre.xml (EX-101.PRE) — 22KB
• ea0218730-8k_mawson_htm.xml (XML) — 3KB

02 Termination of a Material Definitive

Item 1.02 Termination of a Material Definitive Agreement. On August 27, 2024, Mawson Infrastructure Group Inc. ("we," "us," the "Company" or "Mawson") notified H.C. Wainwright & Co., LLC ("Wainwright") that the Company was terminating, effective September 6, 2024, the At the Market Offering Agreement dated May 27, 2022 (the "Sales Agreement"). The Sales Agreement was entered into to sell shares of our common stock, par value $0.001 per share, (the "Shares") having an aggregate sales price of up to $100 million, from time to time, through an "at the market offering" program under which Wainwright acted as sales agent. The sales of the Shares made under the Sales Agreement were made by methods permitted by law deemed to be an "at the market offering" as defined in Rule 415 promulgated under the Securities Act of 1933, as amended. For sales of Shares under the Sales Agreement we paid Wainwright a commission rate equal to 3.0% of the aggregate gross proceeds from each sale of Shares and we also provided Wainwright with customary indemnification and contribution rights. We also reimbursed Wainwright for certain specified expenses in connection with entering into the Sales Agreement. The Sales Agreement contained customary representations and warranties and conditions to the sale of the Shares pursuant thereto. The Shares sold pursuant to the Sales Agreement were issued pursuant to our shelf registration statement on Form S-3 (File No. 333-264062), and prospectus supplements thereto dated May 27, 2022, and May 4, 2023 (which reduced the amount of Shares we could sell to an aggregate of $9,000,000), filed with the U.S. Securities and Exchange Commission. In the ordinary course of their business, Wainwright and/or its affiliates have in the past provided certain commercial banking, financial advisory, investment banking and other services for us or our affiliates for which Wainwright and/or its affiliates have received customary fees and commissions. In addition, Wain

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: October 25, 2024 By: /s/ Kaliste Saloom Kaliste Saloom General Counsel -2-

View Full Filing

View this 8-K filing on SEC EDGAR