Mawson Infrastructure Group Faces Backlash from Endeavor Investor Group Over Poison Pill Defense

Endeavor Investor Group has condemned Mawson Infrastructure Group's adoption of a stockholder rights plan, calling it a move to protect management at the expense of shareholders. Endeavor criticized the board for shielding itself from accountability instead of addressing operational underperformance. Mawson implemented the plan to prevent a takeover without a control premium after Endeavor and its affiliates reported a combined ownership of roughly 48% as of January 30. The rights plan triggers if an entity acquires 20% or more of the outstanding common stock, allowing other shareholders to purchase shares at a 50% discount.