Mawson Infrastructure Group Inc. (NASDAQ:MIGI) shares surged 7% after a cooperation agreement with activist Endeavor Investor Group ended a governance dispute.
The agreement adds five directors—three independents (Kyle Danges, Rodger Davis, Lisa Hough) and Endeavor affiliates (Cody Smith, Phillip Stanley)—replacing three board members.
Mawson adopted a February stockholder rights agreement to block further Endeavor share purchases; Endeavor filed a March consent solicitation seeking board removal.
Chair Ryan Costello said the board deemed the agreement best for Mawson, and Endeavor’s Joshua Kilgore praised the company’s digital infrastructure prospects.