secwatch.observer — SEC 8-K summary
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Issuer:     MGT CAPITAL INVESTMENTS, INC. (MGTI)
CIK:        0001001601
Form:       8-K
Filed at:   2026-07-06T21:30:52+00:00
Accession:  0001493152-26-032207
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGT Capital exchanges $1.22M note for 750M common shares; board expands to 3
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- Exchanged $1,220,240 secured convertible note with Project Nickel LLC for 3,250,000 Series E preferred shares and 750,131,126 common shares.
- Issued 150,000,000 common shares to David M. Garrity at $0.00033/share for $50,000 cash.
- Board expanded from 1 to 3 members; appointed Jonathan M. Pfohl (interim CEO/CFO) and David M. Garrity as directors.
- Series E Preferred Stock carries 9.9% beneficial ownership limitation blocker.
- All securities issued in unregistered transactions under Sections 3(a)(9) and 4(a)(2) of the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001601/000149315226032207/0001493152-26-032207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001601/000149315226032207/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-032207

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