Mawson Infrastructure Group Inc. Enters Cooperation Agreement, Reconstitutes Board

Mawson Infrastructure Group Inc. announced a cooperation agreement with Endeavor Investor Group, leading to the appointment of three independent directors (Kyle B. Danges, K. Rodger Davis, Lisa R. Hough) and two Endeavor affiliates (Cody Smith, Phillip Stanley) to its Board of Directors. Concurrently, Ryan Costello, Kathryn Schellenger, and Steven Soles resigned from the Board. The agreement includes customary standstill provisions and resolves prior litigation between the parties, with mutual releases of claims. Endeavor parties represent they have no intention to delist the company from the Nasdaq Stock Market. The agreement aims to reposition the business for higher growth opportunities. The company will reimburse Endeavor parties for documented expenses up to $50,000.