MGT Capital Investments completed two financing actions. The company exchanged and extinguished a $1.22 million secured convertible note by issuing 3,250,000 shares of Series E Convertible Preferred Stock and 750,131,126 common shares to Project Nickel, simplifying its capital structure. Separately, MGT raised $50,000 in cash through a private placement of 150,000,000 common shares to David M. Garrity at $0.00033 per share. Both transactions were conducted as unregistered offerings under applicable Securities Act exemptions.
Agreement 1: MGT Capital Retires $1.22M Convertible Note, Issues Stock to Project Nickel
- Agreement type: Secured Convertible Promissory Note Exchange Agreement
- Counterparty: Project Nickel
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: At will
- Reason: Retire outstanding 2025 convertible note
Agreement 2: MGT Capital Raises $50,000 in Private Placement to David Garrity at $0.00033
- Agreement type: Securities Purchase and Subscription Agreement for common stock
- Counterparty: David M. Garrity
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: At will
- Reason: Raise working capital from private placement
Original SEC Filing:
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