Mawson Infrastructure faces Nasdaq delisting over stock price

Mawson Infrastructure Group Inc. (NASDAQ:MIGI), a company specializing in finance services with a market capitalization of $12.7 million, has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement. Currently trading at $0.67 per share, the company’s closing bid price was below the $1.00 threshold for 30 consecutive business days, triggering a warning from Nasdaq’s Listing Qualifications Department. According to InvestingPro analysis, the stock has shown significant price volatility, with shares down about 73% over the past year.

Under Nasdaq Listing Rule 5550(a)(2), the company must maintain a minimum bid price of $1.00 per share. Mawson Infrastructure has been given 180 days, until August 5, 2025, to address this issue and regain compliance. During this period, the company’s stock will continue to be listed and trade under the ticker symbol "MIGI." InvestingPro data reveals the company’s overall financial health score is rated as FAIR, with notable concerns about short-term obligations exceeding liquid assets, as reflected in a current ratio of 0.39.

To regain compliance, Mawson Infrastructure’s common stock must close at or above $1.00 per share for at least ten consecutive business days within this 180-day timeframe. If the company fails to meet this requirement by the deadline, it may qualify for an additional 180 days to achieve compliance, provided it meets all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Rule.

In the event of continued non-compliance, the company could face delisting from Nasdaq. Mawson Infrastructure has stated its intention to monitor the bid price closely and is considering options to resolve the deficiency, but there is no guarantee that it will be successful in maintaining the listing requirements.

This news follows several name changes for the company, previously known as Wize Pharma , Inc., OphthaliX, Inc., and DENALI CONCRETE MANAGEMENT INC., reflecting its evolving business focus over the years. Despite challenges, InvestingPro data shows the company achieved 25.45% revenue growth in the last twelve months, though maintaining an EBITDA of -$13.51 million. Subscribers to InvestingPro can access 13 additional investment tips and comprehensive financial metrics to better evaluate the company’s prospects.

The company cautions that forward-looking statements regarding its efforts to regain compliance with Nasdaq’s listing standards are subject to various risks and uncertainties, and there can be no assurance of a positive outcome. This announcement is based on a press release statement and includes no speculative or promotional content.

In other recent news, Mawson Infrastructure Group Inc. is facing potential delisting from the Nasdaq Stock Market due to non-compliance with the minimum Market Value of Listed Securities (MVLS) requirement. The company has been provided with a 180-day period to regain compliance. Mawson is also involved in an arbitration dispute with Celsius Network Ltd., where the arbitrator issued a partial final award in favor of Celsius, totaling over $8 million against one of Mawson’s subsidiaries, Luna Squares.

In a separate event, Mawson is contesting an involuntary Chapter 11 bankruptcy petition filed against it by Australian entities, W Capital Advisors Pty Ltd and Marshall Investments MIG Pty Ltd. The company is continuing its normal operations and has raised concerns about the relationship between W Capital Advisors, former executive James Manning, and itself.

H.C. Wainwright, in its recent analysis, maintained a Neutral rating for Mawson. The company’s recent production report showed an 18% increase in co-location revenue for October, amounting to $4.0 million. Mawson’s sales for the third quarter were $12.6 million, with co-location revenue for the same quarter standing at $9.5 million. Mawson has also recently acquired land in Perry County, Ohio, to expand its hosting capacity for high-performance computing consumers.

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