🧾 What This Document Is

This is an 8-K filing, which is like a company's "major news bulletin" to the SEC. It reports two big events: a legal name change and an update on a potential stock delisting issue. The attached documents are the official certificate making the name change legal and a press release explaining it all to the public.

👉 Key takeaway: Mawson Infrastructure Group Inc. is formally becoming Big Digital Energy, Inc., and it's dealing with a warning from the Nasdaq stock exchange.

🏢 The Company's New Identity

In simple terms, Mawson is a U.S. company that builds and runs the physical "computing power plants" needed for things like AI, high-performance computing, and Bitcoin mining. They aim to do this sustainably, using carbon-free energy like nuclear power.

👉 The big change: The company is rebranding itself as Big Digital Energy, Inc. to reflect a renewed strategic focus. The new name is officially effective as of April 24, 2026. The CEO, Phil Stanley, calls this a "pivotal new chapter" focused on energy infrastructure for future computing needs.

🚨 The Nasdaq Listing Problem

Here's the major challenge. On April 17, 2026, Nasdaq sent a formal "delist determination" notice. This means Nasdaq intends to remove the company's stock from its exchange.

• Why? The company's stockholders' equity was below $2.5 million as of December 31, 2025, which violates a Nasdaq rule.
• What's next? The company plans to request a hearing to present its case. Importantly, the CEO states the company believes it is already in compliance and that this issue is a "vestige of prior management."
• Current status: The hearing request temporarily stops any delisting action while the process plays out.

👉 Why it matters for investors: A delisting would make the stock much harder to buy and sell, typically on less regulated markets. The company's fight to stay listed is crucial for its liquidity and investor confidence.

🔄 Stock & Trading Details

The operational change from the name and ticker symbol will happen soon. Here’s what shareholders need to know:

• New Ticker Symbol: The stock is expected to begin trading under the new symbol "BGDE" on April 30, 2026.
• No Action Needed: Your shares are still valid, and the CUSIP number remains unchanged. You don't have to do anything.
• Contact Information: For investor relations, partnerships, or media, the company can be reached at:
  • Investor Relations: [email protected]
  • Partnerships: [email protected]
  • Media and Press: [email protected]
  • Website: www.mawsoninc.com

⚖️ Strengths & Risks: The Big Picture

👍 Strengths / The Positive Spin:

• Strategic Rebrand: Aligns the company's public identity with its stated focus on "digital energy" infrastructure.
• Operational Footprint: The company notes it has 129 megawatts of capacity already online, showing tangible assets.
• Proactive Stance: Management is publicly asserting the delisting issue is resolved and they are already compliant, attempting to calm investor fears.

⚠️ Risks / The Caution:

• Listing Threat: The most immediate risk is the potential delisting from Nasdaq, which would severely impact the stock's tradability and perception.
• Financial History: The fact that the company triggered the equity rule points to past (or potentially present) financial weakness.
• Execution Risk: The entire narrative hinges on the new management team's ability to execute its vision and prove compliance swiftly.

🔮 What's Next

The company has a clear to-do list:

1. Formally request a hearing with the Nasdaq Hearings Panel.
2. Submit a compliance plan demonstrating it meets the stockholders' equity requirement.
3. Finalize the trading symbol change to "BGDE" on April 30.
4. Provide updates on its strategic operations and growth, as hinted at by the CEO.

🧠 The Analogy

Think of this like a restaurant rebranding as a high-end steakhouse while simultaneously fighting a health department violation from its previous owners as a burger joint. The new name and menu ("Big Digital Energy") aim to attract a different clientele, but first, they must prove to the inspectors (Nasdaq) that the kitchen is now clean and up to code, or they'll be shut down.

🧩 Final Takeaway

Mawson Infrastructure is transforming its identity into Big Digital Energy to signal a new strategic direction. However, this rebrand is happening under the shadow of a Nasdaq delisting notice due to past financial shortcomings. The company's immediate future depends on its ability to convince Nasdaq it has fixed the problem, all while convincing investors the new name represents a genuine and sustainable turnaround.