{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-014993","form_type":"8-K","ticker":"MGTI","cik":"0001001601","company_name":"MGT CAPITAL INVESTMENTS, INC.","filed_at":"2025-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.103927+00:00","generated_at":"2026-05-17T05:31:16.176031+00:00","sec_items":["1.01","1.02","2.03","3.02","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"MGT Capital swaps $1.22M note and director fees for 1.85B shares; outstanding 4.34B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-014993","json":"https://secwatch.observer/filing/0001493152-25-014993.json","markdown":"https://secwatch.observer/filing/0001493152-25-014993.md","text":"https://secwatch.observer/filing/0001493152-25-014993.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001601/000149315225014993/0001493152-25-014993-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001601/000149315225014993/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:31:16.176031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6332463a4b3e0b99147b6f810cf8496b291ff78c","claim":"MGT CAPITAL INVESTMENTS, INC. incurred convertible notes of $1,220,240 with Project Nickel LLC at 8% per annum maturing December 31, 2027.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001601/000149315225014993/0001493152-25-014993-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,220,240"},{"label":"Counterparty","value":"Project Nickel LLC"},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"December 31, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}