Mawson CEO Rahul Mewawalla terminated for cause; forfeits 4.55M RSUs; Delaware suit filed

Big Digital Energy, Inc.

Rahul Mewawalla terminated as CEO and President effective July 8, 2025 for cause under his employment agreement.
Mewawalla forfeits 4,548,512 unvested restricted stock units upon termination.
Mewawalla resigned from Board effective July 8, 2025 per director appointment letter.
Company filed Delaware Chancery suit (No. 2025-0789-JTL) alleging breach of fiduciary duties and fraud.
Kaliste Saloom appointed Interim CEO, General Counsel and Corporate Secretary.

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