---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043407"
form_type: "8-K"
ticker: "MGTI"
cik: "0001001601"
company_name: "MGT CAPITAL INVESTMENTS, INC."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:45:29.400121+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-043407
- form_type: 8-K
- ticker: MGTI
- cik: 0001001601
- company_name: MGT CAPITAL INVESTMENTS, INC.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 3.03, 5.03, 5.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001601/000149315224043407/0001493152-24-043407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001601/000149315224043407/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043407
- JSON: https://secwatch.observer/filing/0001493152-24-043407.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043407.txt

## Key facts
- Governance Changes
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001601/000149315224043407/0001493152-24-043407-index.htm

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