---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-113325"
form_type: "8-K"
ticker: "BGDE"
cik: "0001218683"
company_name: "Big Digital Energy, Inc."
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:33:29.891573+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mawson Infrastructure Group effects 1-for-20 reverse stock split to meet Nasdaq minimum bid price

## Summary
- Reverse stock split at ratio 1-for-20, effective 5:00 p.m. ET on November 20, 2025.
- Common stock to trade on split-adjusted basis on Nasdaq from November 21, 2025 under ticker MIGI, new CUSIP 57778N406.
- Split intended to raise per-share price to meet Nasdaq's $1.00 minimum bid price for continued listing.
- No fractional shares issued; fractional interests rounded up to nearest whole share.
- Authorized shares and par value unchanged; proportional adjustments to equity awards and warrants.

## SEC filing metadata
- accession: 0001213900-25-113325
- form_type: 8-K
- ticker: BGDE
- cik: 0001218683
- company_name: Big Digital Energy, Inc.
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1218683/000121390025113325/0001213900-25-113325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1218683/000121390025113325/ea0266685-8k_mawson.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-113325
- JSON: https://secwatch.observer/filing/0001213900-25-113325.json
- Plain text: https://secwatch.observer/filing/0001213900-25-113325.txt

## Key facts
- Governance Changes
  Big Digital Energy, Inc.: Charter amendment to effect a 1-for-20 reverse stock split of common stock (effective 2025-11-20).
  - Change: charter amendment
  - Effective: 2025-11-20
  source text: On November 19, 2025, Mawson Infrastructure Group Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Charter Amendment”) to the Company’s Certificate of Incorporation (as amended through immediately prior to the Effective Time (as defined below), the “Certificate of Incorporation”) to effect a 1-for-20 reverse stock split (the “Reverse Stock Split”) of the outstanding shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”). Pursuant to the Charter Amendment, the Reverse Stock Split became effective as of 5:00 p.m. Eastern time on November 20, 2025 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1218683/000121390025113325/0001213900-25-113325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.