Mawson Infrastructure Adopts Poison Pill to Counter Endeavor Blockchain Takeover Bid

Mawson Infrastructure Group has adopted a limited-duration stockholder rights agreement to prevent Endeavor Blockchain from acquiring control without paying a control premium to all shareholders. The plan triggers if an entity acquires beneficial ownership of 20% or more of the outstanding common stock. The board rejected Endeavor's proposal for a tender offer and equity financing that would have transferred board control. The rights plan allows shareholders other than Endeavor to purchase stock at a 50% discount if triggered, diluting the voting power and economic interest of the acquiring entity. The plan remains in effect until February 1, 2027.