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Stockholders Equity
 6 Months Ended
Jun. 30, 2022
Schedule of outstanding stock warrants [Abstract]  
STOCKHOLDERS EQUITY

NOTE 9 – STOCKHOLDERS EQUITY

 

Common Stock

 

TraDigital Marketing Group LLC was issued 5,000 shares of the Company’s common stock during May 2022 for consultancy services provided to the Company.

 

Under the terms of the Cosmos Transaction Bid Implementation Agreement the Company made share-based awards under an Incentive Compensation Program during September 2021 (refer to reverse acquisition accounting policy). During the three-month period ending June 30, 2022, two employees converted certain of these awards into 901,000 shares of common stock of Mawson.

 

Restricted Stock

 

As of June 30, 2022, there was no restricted stock.

 

Common Stock Warrants

 

A summary of the status of the Company’s outstanding stock warrants and changes during the six months ended June 30, 2022, is as follows:  

 

   Number of
Warrants		   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Contractual
Life
(in years)		 
Outstanding as of December 31, 2021   3,524,189    
 
      
Issued   4,143,478   $8.57    1.5 
Exercised   (1,276,000)          
Expired   
-
    
 
      
Outstanding as of June 30, 2022   6,391,667   $8.57    1.5 
Warrants exercisable as of June 30, 2022.   6,391,667   $8.57    1.5 

 

On February 23, 2022, Mawson issued to Celsius Mining warrants with an expiry date of August 23, 2023, to purchase up to 3,850,000 shares of common stock, of Mawson at an exercise price of US$6.50 per share, in connection with the $20 million loan made by Celsius to Luna Squares LLC in connection with a Customer Equipment and Co-Location Agreement entered into by Celsius and Luna Squares LLC.

 

Under the terms of the Cosmos Transaction Bid Implementation Agreement the Company made share-based awards in the form of warrants, options and RSUs under an Incentive Compensation Program during September 2021 (refer to reverse acquisition accounting policy). During the six months ended June 30, 2022, four employees exercised 1,276,000 of their warrants to convert these into common stock of Mawson.