MGT CAPITAL INVESTMENTS, INC. (MGTI): debt financing — MGT Capital swaps $1.22M note and director fees for 1.85B shares; outstanding 4.34B

MGT CAPITAL INVESTMENTS, INC.

Exchanged $1,220,240 note with Project Nickel for new 8% note due 2027 plus 500M shares; converted 650K Series D preferred into 650M shares.
Issued 200M shares to interim CEO/CFO Jonathan Pfohl and another employee as equity grants on Sep 23, 2025.
Issued 500M shares to Director Michael Onghai to settle $56,000 in unpaid director fees via $50,000 exchange agreement.
Total shares outstanding post-issuances: 4,340,670,903, reflecting massive dilution.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MGT CAPITAL INVESTMENTS, INC. incurred convertible notes of $1,220,240 with Project Nickel LLC at 8% per annum maturing December 31, 2027.

Instrument: convertible notes
Principal: $1,220,240
Counterparty: Project Nickel LLC
Rate: 8% per annum
Maturity: December 31, 2027
Event: incurrence

Exact text from the filing

a new Secured Convertible Promissory Note issued on September 22, 2025, in the principal amount of $1,220,240, with an interest rate of 8% per annum and a maturity date of December 31, 2027

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304 debt financings filed in the last 30 days. Browse all debt financings →

MGT CAPITAL INVESTMENTS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-25-014993

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