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Stockholders Equity
 6 Months Ended
Jun. 30, 2021
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY

NOTE 4 – STOCKHOLDERS EQUITY

 

Common Stock

 

On March 9, 2021, as a part of closing the Cosmos Transaction, Mawson issued a total of 428,270,616 shares to Mawson AU shareholders. There remained 50,558,133 shares that are to be issued once the approval of increase in authorized capital has been finalized. On May 20, 2021, the Authorized Capital increased from 500,000,000 to 800,000,000 shares.

 

On June 2, 2021, the Company issued 3,475,970 shares to a combination of Mawson AU shareholders, and service providers to Mawson AU, who were eligible for shares on 31 December 2021.

 

On June 15, 2021, the final 48,983,148 shares under the Cosmos Transaction were issued to Mawson AU shareholders.

 

Restricted Stock

 

As at July 31 2021, making up the total 480,729,734 in shares issued as a part of the compensation of the Cosmos Transaction, 175,661,839 are restricted in trading under the Restricted Stock Agreement with each shareholder until December 31 2021.

 

Series A Preferred Stock

 

As of June 30, 2021, there are 178 shares of Series A Preferred Stock Outstanding.

 

Common Stock Warrants

 

A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 2021 is as follows:  

 

   Number of
Warrants		   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Contractual
Life
(in years)		 
Outstanding as of December 31, 2020   142,189    
 
    
 
 
Issued   16,960,982   $0.001    3.3 
Exercised   (115,902)          
Expired   0           
Outstanding as of June 30, 2021   16,987,269   $0.001    3.3 
Warrants exercisable as of June 30, 2021   16,987,269   $0.001    3.3 

 

As of March 16, 2021, the Company received a notice from OTC Markets Group (“OTC”) that the Company failed to have a public float greater than 10% of the total shares outstanding, pursuant to Section 1.1.1(C) of OTCQB Standards, which, if not rectified within 30 days, may result in the Company ceasing to trade on the OTCQB marketplace. On July 29, 2021 our Form S-1 registration statement (“S-1”) was declared effective, resulting in our contention that our public float is greater than 10% of the total shares outstanding and thereby we believe we are compliant with the OTCQB Standards. We are in the process of filing the requisite form with OTC Markets to confirm our public float compliance under OTCQB Standards.

 

On June 2, 2021, the Company issued 8,250,000 warrants to W Capital at an exercise price of $0.001 to satisfy the outstanding obligation to W Capital for options over the equity of Mawson AU which was terminated for consideration of warrants over the Company’s shares being issued to W Capital.