MGT Capital Investments Inc. (MGTI): DURHAM, N.C., Dec. 15, 2017 /PRNewswire/...

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MGT Capital Investments Inc. (MGTI)

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Re: Imperial Whazoo post# 29925

Friday, 12/15/2017 3:03:35 PM

Friday, December 15, 2017 3:03:35 PM

DURHAM, N.C., Dec. 15, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. (OTCQB: MGTI) announced today that it has executed a series of transactions that put the Company in a debt-free and cash-rich position as it exits 2017. Specifically, investors holding a total of $4.6 million in convertible notes have exchanged their debt for equity. In addition, the Company sold two million newly issued restricted shares for a total of $8.0 million, or $4.00 per share. The purchasers also received warrants to acquire an equal number of MGT shares at a price of $4.50 per share.

http://www.mgtci.com/newsroom/news/mgt-capital-completes-comprehensive-financial-restructuring-300572008.html

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Recent MGTI News

Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 10:00:26 AM
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