Mawson Infrastructure Group Inc.
MIGIReporting person: Endeavor Blockchain, LLC(group)
Endeavor Blockchain seeks removal of all three Mawson directors
What's being contested
Primary demands
- removal of all three current directors
- board reconstitution
- halt dilutive equity issuances
- eliminate stockholder rights plan
- strategic review
- restore shareholder value
No advisor data on record for this deal.
Endeavor Blockchain, LLC and co-filers, holding approximately 48.0% of Mawson Infrastructure Group Inc., are soliciting written consents to remove all three current directors (Ryan Costello, Steven Soles, and Kathryn Yingling Schellenger) without cause. The dissident group cites poor strategic oversight, destruction of shareholder value, and entrenchment tactics including dilutive equity issuances and a stockholder rights plan. The consent solicitation requires majority approval for the removal proposal and two-thirds approval for a bylaw restoration proposal to prevent further bylaw amendments during the consent process.