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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported):
February 1, 2026
| MAWSON INFRASTRUCTURE GROUP Inc. |
| (Exact Name of Registrant as Specified in Charter) |
| Delaware |
|
001-40849 |
|
88-0445167 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission File No.) |
|
(I.R.S. Employer
Identification No.) |
950 Railroad Avenue,
Midland, Pennsylvania 15059
(Address of Principal Executive Offices) (Zip Code)
(412) 515-0896
(Registrant’s
Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, par value $0.001 per share |
|
MIGI |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material
Definitive Agreement.
On February 1, 2026, the Board of Directors (the
“Board”) of MAWSON INFRASTRUCTURE GROUP Inc. (the “Company”) authorized and declared
a dividend distribution of one right (each, a “Right”) for each outstanding share of common stock, par value
$0.001 per share (the “Common Stock”), of the Company to stockholders of record as of the close of business
on February 12, 2026 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company
one one-thousandth of a share of Series C Junior Participating Preferred Stock, par value $1.00 per share (the “Preferred
Stock”), of the Company at an exercise price of $20.60 (the “Exercise Price”), subject to adjustment.
The complete terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”), dated as of February
2, 2026, between the Company and Computershare Trust Company, N.A., a federally chartered trust company, as rights agent. Capitalized
terms used herein that are not defined herein will have the meanings ascribed to them in the Rights Agreement.
The Board adopted the Rights Agreement to protect
the interests of Company stockholders. In general terms, subject to certain enumerated exceptions, it works by imposing significant dilution
upon any person or group that acquires beneficial ownership of 20% or more of the shares of Common Stock, or if a person or group with
beneficial ownership of 20% or more at the time the adoption of the Rights Agreement is announced acquires any additional shares of Common
Stock, without the prior approval of the Board. In general, any person will be deemed to beneficially own any securities (a) as to which
such person has any agreement, arrangement or understanding with another person for the purpose of acquiring, holding, voting or disposing
of any shares of Common Stock or (b) that are the subject of a derivative transaction or constitute a derivative security. As a result,
the overall effect of the Rights Agreement and the issuance of the Rights may be to render more difficult or discourage a merger, tender
or exchange offer or other business combination involving the Company that is not approved by the Board. However, neither the Rights Agreement
nor the Rights should interfere with any merger, tender or exchange offer or other business combination approved by the Board.
The following is a summary of the terms of the
Rights, the Rights Agreement and the Preferred Stock. The summary does not purport to be complete and is qualified in its entirety by
the full text of the Certificate of Designation and the Rights Agreement, copies of which are attached as Exhibits 3.1 and 4.1 hereto
and are incorporated herein by reference.
Distribution and Transfer of Rights; Rights Certificates
The Board has declared a dividend of one Right
for each outstanding share of Common Stock. Prior to the Distribution Date referred to below:
| ● | the Rights will be evidenced by and trade with the certificates for the Common Stock (or, with respect to any uncertificated
Common Stock registered in book entry form, by notation in book entry), and no separate rights certificates will be distributed; |
| ● | new Common Stock certificates issued after the Record Date will contain a legend incorporating the Rights Agreement by reference
(for uncertificated Common Stock registered in book entry form, this legend will be contained in a notation in book entry); and |
| ● | the surrender for transfer of any certificates for Common Stock (or the surrender for transfer of any uncertificated Common
Stock registered in book entry form) will also constitute the transfer of the Rights associated with such Common Stock. |
Rights will generally accompany any new shares
of Common Stock that are issued after the Record Date.
Distribution Date
Subject to certain exceptions specified in the
Rights Agreement, the Rights will separate from the Common Stock and become exercisable following (1) the 10th Business Day after the
public announcement that (a) a person or group of affiliated or associated persons (such person or group, an “Acquiring Person”)
has acquired beneficial ownership of 20% or more of the Common Stock or (b) a person or group of affiliated or associated persons (such
person or group, a “Grandfathered Stockholder”) with beneficial ownership of 20% or more at the time the adoption
of the Rights Agreement is announced has acquired any additional shares of Common Stock (which acquisition shall render such Grandfathered
Stockholder an Acquiring Person for purposes of the Rights Agreement) or, in the event the Board of Directors determines on or before
such 10th Business Day to effect an exchange of the Rights and determines that a later date is advisable, such later date that is not
more than 20 days after the Stock Acquisition Date; or (2) the 10th Business Day (or such later date as may be determined by the Board
prior to such time as any person becomes an Acquiring Person) after a person or group announces a tender or exchange offer that would
result in such person or group becoming an Acquiring Person.
The date on which the Rights separate from the
Common Stock and become exercisable is referred to as the “Distribution Date.”
After the Distribution Date, the Company will mail
Rights certificates to the Company’s stockholders as of the close of business on the Distribution Date and the Rights will become
transferable and trade independently from the Common Stock. Thereafter, such Rights certificates alone will represent the Rights.
Preferred Stock Purchasable Upon Exercise of Rights
After the Distribution Date, each Right will entitle
the holder to purchase, for the Exercise Price (i.e., $20.60) one one-thousandth of a share of Preferred Stock having economic and other
terms similar to that of one share of Common Stock. This portion of a share of Preferred Stock is intended to give the stockholder approximately
the same dividend, voting and liquidation rights as would one share of Common Stock, and should approximate the value of one share of
Common Stock.
Each one one-thousandth of a share of Preferred
Stock, if issued, will:
| ● | entitle holders to quarterly dividend payments of $0.0001 per one one-thousandth of a share of Preferred Stock, or an
amount equal to the dividend paid on one share of Common Stock, whichever is greater; |
| ● | entitle holders upon liquidation either to receive $0.0001 per one one-thousandth of a share of Preferred Stock or an
amount equal to the payment made on one share of Common Stock, whichever is greater; |
| ● | have the same voting power as one share of Common Stock; and |
| ● | entitle holders to a payment per one one-thousandth of a share of Preferred Stock equal to the payment made on one share
of Common Stock if the Common Stock is exchanged via merger, consolidation or a similar transaction. |
Flip-In Trigger
If an Acquiring Person obtains
beneficial ownership of 20% or more of the Common Stock, or if a Grandfathered Stockholder acquires beneficial ownership of any additional
shares of Common Stock, then each Right will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common
Stock (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the
Exercise Price.
Following the occurrence of an event set forth
in the preceding paragraph, all Rights that are or, under certain circumstances specified in the Rights Agreement, were beneficially owned
by an Acquiring Person and its affiliates and associates, and certain transferees of the foregoing will be void.
Flip-Over Trigger
If, after an Acquiring Person obtains beneficial
ownership of 20% or more of the Common Stock or a Grandfathered Stockholder acquires beneficial ownership of any additional shares of
Common Stock, (1) the Company merges into or consolidates with another entity, (2) an acquiring entity merges into the Company and the
Common Stock is converted into other securities or property or (3) the Company transfers more than 50% of its assets, cash flow or earning
power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase,
for the Exercise Price, a number of shares of Common Stock of the person engaging in the transaction having a then-current market value
of twice the Exercise Price.
Redemption of the Rights
The Rights will be redeemable at the Company’s
option for $0.0001 per Right (payable in cash, Common Stock or other consideration deemed appropriate by the Board) at any time on or
prior to the time as any Person becomes an Acquiring Person. Immediately upon the action of the Board ordering redemption, the Rights
will terminate and the only right of the holders of the Rights will be to receive the $0.0001 redemption price. The redemption price will
be adjusted if the Company undertakes a stock dividend, stock split or reclassification of the Preferred Stock or Common Stock.
Exchange Provision
At any time after the date on which an Acquiring
Person obtains beneficial ownership of 20% or more of the Common Stock or a Grandfathered Stockholder acquires beneficial ownership of
any additional shares of Common Stock, and prior to the acquisition by the Acquiring Person or Grandfathered Stockholder of beneficial
ownership of 50% or more of the Common Stock, the Board may exchange the Rights (except for Rights that have previously been voided as
set forth above), in whole or in part, for Common Stock at an exchange ratio of one share of Common Stock per Right (subject to adjustment).
In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately
equal to one share of Common Stock.
Term; Expiration of the Rights
The Rights have a one (1) year term, unless the
Rights are earlier redeemed, exchanged or terminated. Accordingly, the Rights expire on the earliest of (1) 5:00 p.m., Eastern time, on
February 1, 2027 or (2) the redemption or exchange of the Rights as described above.
Amendment of Terms of the Rights Agreement and Rights
The terms of the Rights and the Rights Agreement
may be amended without the consent of the holders of Rights certificates, Preferred Stock or Common Stock in order to cure any ambiguities,
to correct or supplement any provision contained in the Rights Agreement which may be defective or inconsistent with any other provisions
in the Rights Agreement, or make any other change, amendment or supplement to any provisions of the Rights Agreement which the Company
may deem necessary or desirable. However, from and after such time as any Person becomes an Acquiring Person, the terms of the Rights
and the Rights Agreement may not be amended to adversely affect the interests of the holders of Rights.
Voting Rights; Other Stockholder Rights
The Rights will not have any voting rights. Until
a Right is exercised, the holder thereof, as such, will have no separate rights as a stockholder of the Company.
Anti-Dilution Provisions
The Board may adjust the Exercise Price, the number
of shares of Preferred Stock issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a
stock split or a reclassification of the Preferred Stock or Common Stock.
With certain exceptions, no adjustments to the
Exercise Price will be made until the cumulative adjustments amount to at least one percent of the Exercise Price. No fractional shares
of Preferred Stock (other than fractions that are integral multiples of one one-thousandth of a share of Preferred Stock) or Common Stock
will be issued and, in lieu thereof, an adjustment in cash will be made based on the current market price of the Preferred Stock or Common
Stock, as applicable.
Taxes
The distribution of Rights should not be taxable
for federal income tax purposes. However, following an event that renders the Rights exercisable or upon redemption of the Rights, stockholders
may recognize taxable income.
Item 3.03
Material Modification to Rights of Security Holders.
The information included in Item 1.01 and Item
5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information included in Item 1.01 of this Current
Report on Form 8-K is incorporated by reference into this Item 5.03.
In connection with the adoption of the Rights Agreement,
on February 1, 2026, the Board approved a Certificate of Designation of Rights, Preferences and Privileges of Series C Junior Participating
Preferred Stock (the “Certificate of Designation”), setting forth the rights, powers and preferences of the
Preferred Stock and designating 10,000 shares of Preferred Stock. The Certificate of Designation was filed with the Secretary of State
of the State of Delaware on February 2, 2026. A copy of the Certificate of Designation is attached as Exhibit 3.1 and is incorporated
herein by reference.
Item 8.01 Other
Events.
On February 2, 2026, the Company issued a press
release announcing the adoption of the Rights Agreement and the declaration of the dividend of Rights. A copy of the press release is
attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number |
|
Description |
| 3.1 |
|
Certificate of Designation of Rights, Preferences and Privileges of Series C Junior Participating Preferred Stock of MAWSON INFRASTRUCTURE GROUP Inc. |
| |
|
|
| 4.1 |
|
Rights Agreement, dated as of February 2, 2026, by and between MAWSON INFRASTRUCTURE GROUP Inc. and Computershare Trust Company, N.A., as rights agent. |
| |
|
|
| 99.1 |
|
Press release issued by MAWSON INFRASTRUCTURE GROUP Inc., dated February 2, 2026. |
| |
|
|
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: February 2, 2026 |
MAWSON INFRASTRUCTURE GROUP INC. |
| |
|
|
| |
By: |
/s/ Kaliste Saloom |
| |
Name: |
Kaliste Saloom |
| |
Title: |
Interim Chief Executive Officer,
General Counsel & Corporate Secretary |
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