MGT Capital completes debt & warrant exchange; Project Nickel gains 63.7% control

MGT CAPITAL INVESTMENTS, INC.

Exchanged $1.62M convertible note for non-convertible secured note at 8% plus 750M common shares.
Canceled all outstanding warrants for 600M common shares and 650,000 Series D Preferred (each convertible into 1,000 common).
Project Nickel now holds 2B shares or equivalents, representing 63.7% of fully diluted shares.
Grady Kittrell (DaxVest LLC) deemed beneficial owner; prior control by Streeterville Capital (John Fife) replaced.

item 1.01 item 1.02 item 2.03 item 3.02 item 3.03 item 5.03 item 5.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MGT CAPITAL INVESTMENTS, INC.: Designated 1,000,000 shares of preferred stock as Series D Convertible Preferred Stock, with specified terms (effective 2024-10-31).

Change: charter amendment
Effective: 2024-10-31

Exact text from the filing

the board of directors of the Company (the “Board”) approved the authorization, issuance and designation (the “Designation”) of 1,000,000 shares of the Company’s preferred stock as “Series D Convertible Preferred Stock,” par value $0.001 per share (the “Series D Preferred Stock”), having the voting powers, designations, preferences, limitations, restrictions and relative rights set forth in the certificate of designation attached hereto as Exhibit 3.1 (the “Certificate of Designation”).

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101 governance changes filed in the last 30 days. Browse all governance changes →

MGT CAPITAL INVESTMENTS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-043407

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