- Mawson Infrastructure Group ( NASDAQ: MIGI ) has announced the results of its stockholder vote in respect of its reverse stock split , which was sent to stockholders on December 23, 2022.
- Stockholders voted in favor of the 1 for 6 reverse stock split, and a related resolution to reduce Mawson’s authorized Common Stock from 120M shares to 90M shares.
- It is anticipated that, after the reverse stock split, the Mawson stock price will meet the Nasdaq listing rules threshold minimum bid price requirement.
- Of the stockholders who voted, more than 99% of the shares voted were voted in favor of the resolutions, with over 68% of shares participating in the vote.
- It is expected that Mawson shares will trade on a post-reverse stock split adjusted basis on and from February 9, 2023.
For further details see:
Mawson Infrastructure Group announces results of reverse stock split vote