07:20 AM EST, 12/05/2025 (MT Newswires) -- Mawson Finland ( MFLDF ) overnight Thursday said its shareholders "overwhelmingly" approved the proposed business combination of Mawson and First Nordic Metals ( FNMCF ) at Mawson's special meeting of shareholders.

The company said a total of 11.6-million common shares were voted at the meeting, 52.09% of the issued and outstanding common shares, with 100% of those common shares voted in favour of the proposed acquisition by First Nordic of all of the issued and outstanding common shares of Mawson by way of a statutory plan of arrangement.

Closing of the arrangement is expected on or around Dec. 16, subject to the satisfaction or waiver of the remaining conditions to the arrangement. Mawson's common shares are expected to be delisted from the TSX Venture Exchange, and an application will be made for the company to cease to be a reporting issuer in all applicable jurisdictions on the date of closing of the arrangement.

Shares of the company closed down 3.3% to $3.24 on Thursday on the TSXV.