Mawson Infrastructure Group (MIGI) Announces 8M Share Offering at $0.80/sh

Mawson Infrastructure Group Inc. (NASDAQ: MIGI) today announced a $6.4 million registered direct offering.

Mawson has entered into a definitive agreement with an institutional investor for the issuance and sale of 8,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to 10,000,000 shares of its common stock at an offering price of $0.80 per share (or pre-funded warrant) and accompanying warrant, in a registered direct offering. The warrants will have an exercise price of $1.01 per share, are exercisable six months following issuance, and will expire five and one-half years following issuance. The offering is expected to close on or about July 20, 2022, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds to Mawson from the offering are expected to be approximately $6.4 million, before deducting the placement agent’s fees and other offering expenses payable by Mawson. Mawson intends to use the net proceeds from this offering to continue to build out its digital infrastructure, for potential strategic transactions and also for general corporate purposes, including working capital.

The securities described above are being offered and sold by Mawson pursuant to a “shelf” registration statement on Form S-3 (File No. 333-264062), including a base prospectus, previously filed with the Securities and Exchange Commission, or the SEC, on April 1, 2022 and declared effective by the SEC on April 11, 2022. Such securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and an accompanying base prospectus relating to the securities will be filed with the SEC. Electronic copies of the prospectus supplement and the accompanying base prospectus may be obtained, when available, by visiting the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by e-mail at [email protected] or telephone at (212) 856-5711.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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