secwatch.observer — SEC 8-K summary
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Issuer:     MGT CAPITAL INVESTMENTS, INC. (MGTI)
CIK:        0001001601
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001493152-21-017867
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGT Capital raises ~$1M via 35.4M shares and warrants at $0.05; converts $241K in notes to stock
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- Sold 35,385,704 shares and 35,385,704 warrants (exercise price $0.05) to Streeterville Capital for $1M ($990K net).
- Issued 4,761,905 shares to Bucktown Capital on June 15, 2021 upon conversion of $120,000 note principal.
- Issued 6,673,384 shares to Bucktown Capital on July 27, 2021 upon conversion of $120,988 note principal; note balance now zero.
- As of July 27, 2021, outstanding common shares total 583,470,903.
- Company must file S-1 for the shares within 10 days and restrict variable-rate issuances for 20 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001601/000149315221017867/0001493152-21-017867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001601/000149315221017867/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-017867

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