Mawson receives Nasdaq delisting notice for failing MVLS rule; plans to appeal

Big Digital Energy, Inc.

Nasdaq notified Mawson that MVLS remained below $35M minimum through July 23, 2025 compliance deadline.
Delisting notice received July 24, 2025; company will request a hearing before Nasdaq Hearings Panel to stay suspension.
If appeal is denied or extension not granted, MIGI common stock will be delisted from Nasdaq.
No assurance of regaining compliance; non-compliance first disclosed January 24, 2025.

item 3.01

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