other material
confidence high
sentiment neutral
materiality 0.50
MGT Capital issues 94M shares in unregistered sales for lease and note conversion
MGT CAPITAL INVESTMENTS, INC.
- Issued 54M shares to Minerset Farms under property lease agreement on April 30, 2024.
- Issued 40M shares on May 3, 2024, upon conversion of $41,300 principal amount of Notes.
- Shares outstanding increased to 1,037,170,903 after both issuances.
- Remaining Notes principal outstanding is $1,401,039.