Mawson Infrastructure Group Inc. Prices $45.0 Million Underwritten Public Offering and Listing on the Nasdaq Capital Market
Mawson Infrastructure Group Inc. (OTCQB:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider with diversified operations across bitcoin mining and digital asset management, today announced the pricing of its previously announced underwritten public offering of 3,913,044 shares of common stock and 1,956,522 warrants to purchase up to 1,956,522 shares of common stock of the Company, at a public offering price of $11.50 per share and associated warrant for total gross proceeds to the Company of approximately $45.0 million. In addition, the Company has granted the underwriter of the offering a 30-day option to purchase an additional 586,956 shares of common stock and/or 293,478 warrants to purchase up to 293,478 shares of common stock at the public offering price, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about October 1, 2021, subject to satisfaction of customary closing conditions. In connection with the offering the Company’s common stock is expected to begin trading on the Nasdaq Capital Market on September 29, 2021 under the symbol “MIGI”.
H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.
The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-258299) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 30, 2021 and declared effective by the SEC on August 9, 2021. A preliminary prospectus supplement and accompanying prospectus describing the terms of the underwriting offering have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus will be filed with the SEC and may be obtained, when available, on the SEC’s website located at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at: 430 Park Avenue 3rd Floor, New York, NY 10022 by email at firstname.lastname@example.org, or by telephone at (212) 856-5711.