Shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) plunged 28.5% on Wednesday after the digital infrastructure company said it will carry out a 1-for-20 reverse stock split in an effort to bring its share price back into line with Nasdaq listing requirements.
The company’s Board of Directors has approved the reverse split, scheduled to take effect on November 20, 2025, with post-split trading set to begin the following day. Mawson will continue to trade under the “MIGI” ticker, though the shares will receive a new CUSIP identifier.
Mawson—whose operations span AI computing, high-performance computing, and digital asset infrastructure—said the move is intended to boost its per-share price and regain compliance with Nasdaq’s minimum bid requirement.
Shareholders had already authorized a potential split range of 1-for-2 to 1-for-30 at the company’s October 15, 2025, annual meeting. The board ultimately selected the 1-for-20 ratio.
Under the terms approved, every 20 existing common shares will be consolidated into one share. No fractional shares will be issued; if necessary, holdings will be rounded up to the nearest whole share. Apart from minor rounding adjustments, investors’ proportional ownership of the company will remain the same.
Holders with shares in book-entry form will not need to take any action. Investors with shares held in brokerage or “street name” accounts will see their positions automatically updated according to their brokers’ standard procedures.