---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-024437"
form_type: "8-K"
ticker: "MGTI"
cik: "0001001601"
company_name: "MGT CAPITAL INVESTMENTS, INC."
filed_at: "2021-10-04T23:59:59+00:00"
generated_at: "2026-06-28T23:14:42.216948+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MGT Capital exchanges $1.54M note balance for warrant to buy 53.5M shares at $0.05

## Summary
- Outstanding note balance of $1,540,951.65 exchanged for 53,500,000-share warrant at $0.05 per share, exercisable through March 5, 2026.
- Prior $13.21M convertible note canceled; no additional cash consideration paid.
- Full exercise would add 53.5M shares to 583,470,903 outstanding as of Oct 1, 2021, diluting existing holders by ~9.2%.
- Warrant includes cashless exercise provision; issued under Section 3(a)(9) exemption from registration.

## SEC filing metadata
- accession: 0001493152-21-024437
- form_type: 8-K
- ticker: MGTI
- cik: 0001001601
- company_name: MGT CAPITAL INVESTMENTS, INC.
- filed_at: 2021-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001601/000149315221024437/0001493152-21-024437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001601/000149315221024437/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-024437
- JSON: https://secwatch.observer/filing/0001493152-21-024437.json
- Plain text: https://secwatch.observer/filing/0001493152-21-024437.txt

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