Mawson Infrastructure Group Inc. has adopted a limited-duration stockholder rights agreement to protect the best interests of stockholders in response to an attempted takeover by Endeavor Blockchain, LLC and others. The agreement becomes exercisable if a person or group acquires 20% or more of Mawson’s Common Stock without Board approval. The Rights Agreement, effective immediately, expires on February 1, 2027. Endeavor has acquired up to 48% of Mawson’s shares. The Board’s rejection of a takeover proposal led to this protective measure. Mawson is a U.S.-based technology company focused on digital infrastructure platforms, providing services like AI, HPC, and Bitcoin mining. Cleary Gottlieb Steen & Hamilton LLP is the legal advisor for the Rights Agreement.

Read more at GlobeNewswire: Mawson Infrastructure Group Inc. Adopts Limited Duration