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Investing.com -- Mawson Infrastructure Group Inc. (NASDAQ:MIGI) stock plunged 28.5% on Wednesday after the digital infrastructure company announced plans for a 1-for-20 reverse stock split to regain Nasdaq compliance.
The company’s Board of Directors approved the reverse split, which will take effect on November 20, 2025, with trading on the adjusted basis expected to begin on November 21 under the existing "MIGI" symbol but with a new CUSIP number.
Mawson, which provides digital infrastructure for artificial intelligence, high-performance computing, and digital assets, is implementing the reverse split primarily to increase its per-share market price and regain compliance with Nasdaq’s minimum bid price requirement for continued listing.
The reverse split was approved by stockholders at the Annual Meeting on October 15, 2025, where they authorized a ratio of at least 1-for-2 and up to 1-for-30, with the board ultimately selecting the 1-for-20 ratio.
Under the terms of the split, every 20 shares of common stock will automatically be combined into one new share. No fractional shares will be issued, with the company rounding up to the nearest whole number where necessary. The split will not alter stockholders’ percentage ownership interest except for minimal changes due to rounding.
Registered stockholders holding shares electronically in book-entry form won’t need to take action to receive post-split shares, while those holding shares in brokerage accounts or "street name" will have their positions automatically adjusted according to their brokers’ processes.
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