Mawson Infrastructure shares surged 7% after signing a cooperation agreement with activist investor Endeavor Investor Group, ending a governance dispute.
The deal adds directors (Kyle Danges, Rodger Davis, Lisa Hough) and two Endeavor affiliates (Cody Smith, Phillip Stanley) while three directors resign.
The settlement follows Mawson’s February stockholder rights agreement that blocked further Endeavor purchases and Endeavor’s March consent solicitation seeking full board removal.
Both parties included standard standstill provisions; Endeavor views Mawson as a valuable digital infrastructure platform with growth potential for shareholders.