other material
confidence high
sentiment neutral
materiality 0.60
MGT Capital Investments enters $1M private placement of 22.8M shares plus warrants
MGT CAPITAL INVESTMENTS, INC.
- Agreement dated Aug 5, 2022: sale of up to 22,800,000 common shares at $0.0439 per share implied ($1,000 per 22,800 shares).
- Each $1,000 investment includes 22,800 shares and three warrants, each exercisable for 7,600 shares (22,800 total underlying shares).
- Private placement exempt under Rule 506 of Regulation D; securities are restricted.
- Amendment corrects an incorrect version of the purchase agreement filed with the original 8-K on Aug 11, 2022.