Mawson Infrastructure Signs Marketing Services Deal with Outside the Box Capital; Shares Fall
Mawson Infrastructure Group (MIGI) said Wednesday that Outside The Box Capital has agreed to offer certain marketing and distribution services to the company for a six-month term for a fee of $100,000 worth of Mawson's restricted common shares.
The company said it recently extended its lease deal with Jewel Acquisition by three years through Sept. 14, 2027, while also setting new rental rates that will be effective as of Sunday, according to a regulatory filing. Future minimum lease payments are now about $1.4 million, with annual increases of 3.1%.
Under the lease, Mawson occupies about 8 acres of land and improvements in Beaver County, Pennsylvania, the company said.
Mawson shares were down over 7% in recent trading.
Price: 1.16, Change: -0.09, Percent Change: -7.20
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