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Stockholders' Equity
 12 Months Ended
Dec. 31, 2022
Stockholders Equity Disclosure [Abstract]  
STOCKHOLDERS’ EQUITY
NOTE 16:- STOCKHOLDERS’ EQUITY

 

TraDigital Marketing Group LLC was issued 1,666 shares of common stock during January 2022 and May 2022 for consultancy services provided to the Company.

 

Under the terms of the Cosmos Transaction Bid Implementation Agreement the Company made share-based payments under an Incentive Compensation Program during September 2021 (refer to reverse acquisition accounting policy). During the year to December 31, 2022, certain participants partially converted certain of these awards into 408,854 shares of common stock of Mawson.

 

During February 2022, Kyle Hoffman was paid $50,000 in shares of the Company’s common stock as part of the contingent consideration for the Membership Interest Purchase Agreement to acquire shares in Luna Squares LLC.

 

On July 17, 2022, Mawson Infrastructure Group Inc entered into a Securities Purchase Agreement with Wainwright providing for the issuance and sale by the Company of 1,333,333 shares of our common stock, par value $0.001 per share, at a price of $0.80 per share, accompanied by warrants to purchase 1,666,667 shares of Common Stock in a registered direct offering.

 

The Company made share-based payments under an Incentive Compensation Program during December 2022. During the year to December 31, 2022, certain participants partially converted certain of these awards into 1,310 shares of common stock of Mawson.

 

On May 27, 2022, Mawson entered into an ATM Agreement with Wainwright, to sell shares of our common stock, par value $0.001 per share, having an aggregate sales price of up to $100 million, from time to time, through an “at the market offering” program under which Wainwright acts as the sales agent. During the year to December 31, 2022, 88,168 were issued as part of the ATM agreement.

 

Pursuant to that certain Certificate of Amendment to the Certificate of Incorporation of the Company dated February 6, 2023 Mawson executed at a ratio of 1-6 reverse stock split of its outstanding common stock and reduced its authorized common stock to 90,000,000 shares, as set forth in the Company’s Current Report on Form 8-K filed February 9, 2023.

 

Restricted Stock

 

As of December 31, 2022, there was no restricted stock.

 

Series A Preferred Stock

 

As of December 31, 2022, there are no 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 year ended December 31, 2021, is as follows:   

 

   Number of
Warrants		   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Contractual
Life
(in years)		 
Outstanding as of December 31, 2021   587,365         
Issued   2,450,580    4.17    3.54 
Exercised   (212,667)          
Expired   
-
           
Outstanding as of December 31, 2022   2,825,278    4.17    3.54 
Warrants exercisable as of December 31, 2022   2,825,278           

 

On February 23, 2022, Mawson issued to Celsius Mining LLC (“Celsius”) warrants with an expiry date of August 23, 2023, to purchase up to 641,667 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.

 

On July 17, 2022, the Company entered into a Securities Purchase Agreement with Wainwright providing for the issuance and sale by the Company of 1,333,333 shares of the Company’s common stock, accompanied by warrants to purchase 1,666,667 shares of the Company’s common stock. The warrants issued in this offering have an exercise price of $1.01 per share of our common stock, are exercisable 6 months after issuance and will expire five and one-half years following issuance. As compensation to Wainwright, the Company also issued to designees of the Wainwright warrants to purchase up to 93,333 shares of Common Stock.

 

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 year ended December 31, 2022, certain participants exercised 212,667 of their warrants to convert these into common stock of Mawson.