Bankruptcy: Mawson Infrastructure Group Inc.

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Bankruptcy

Type: New

Accession Number: 000117184325000166

Filing Summary: On January 10, 2025, Mawson Infrastructure Group Inc. filed its answer to an involuntary bankruptcy petition submitted by Australian entities including W Capital Advisors Pty Ltd and Marshall Investments MIG Pty Ltd. The petition was filed on December 4, 2024, with Mawson's Board of Directors announcing their intention to vigorously defend against it. The company alleges that the petition is part of a pattern of bad faith actions by the petitioners, including former Board Director James Manning, and seeks sanctions, attorney fees, and punitive damages against them. Mawson denies any improper dealings and states these actions are attempts to gain leverage in ongoing legal disputes. The company plans to continue its operations and manage its business as usual despite the bankruptcy filing.

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Form Type: 424B5

Filing Date: 2024-12-13

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000121390024108609

Filing Summary: Mawson Infrastructure Group Inc. entered into a Sales Agreement on December 13, 2024, for the offering of common stock with an aggregate amount of up to $12 million through Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners. The company has also faced an involuntary Chapter 11 bankruptcy petition filed by petitioning creditors on December 4, 2024, in the Delaware Bankruptcy Court. This petition may affect the value of the common stock significantly, with the risk of the stock becoming worthless. The company continues operations under the ordinary course provisions of bankruptcy law as no relief order has been entered yet. Shareholders face uncertainty as recovery through a potential Chapter 11 plan may only occur after senior creditors are paid in full. The common stock trading remains speculative amid the ongoing bankruptcy proceedings.

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