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An announcement from MGT Capital Investments ( (MGTI) ) is now available.
MGT Capital Investments, Inc. has entered into a Secured Exchange Note Exchange Agreement with Project Nickel LLC on September 22, 2024, to exchange an outstanding principal balance of $1,220,240 from a previous note for a new secured convertible promissory note with the same principal amount, an 8% interest rate, and a maturity date of December 31, 2027. The agreement also involved the issuance of 500,000,000 shares of common stock to Project Nickel. Additionally, the company issued a significant number of shares to its executives and directors in private transactions, exempt from registration under the Securities Act of 1933, reflecting strategic financial restructuring and compensation adjustments.
More about MGT Capital Investments
Current Market Cap: $498.1K
For a thorough assessment of MGTI stock, go to TipRanks’ Stock Analysis page.