Company raises funds for general corporate purposes, working capital
By Devika Patel
Knoxville, Tenn., Oct. 23 - MGT Capital Investments, Inc. settled a $1.36 million sale of common stock, according to a prospectus supplement filed Tuesday with the Securities and Exchange Commission.
The company sold 453,000 shares at $3.01 apiece. The price per share is a 37.29% discount to the Oct. 22 closing share price of $4.80.
Proceeds will be used for general corporate purposes, including working capital.
MGT Capital is a health care holding company based in London.
| Issuer: | MGT Capital Investments, Inc.
|
| Issue: | Common stock
|
| Amount: | $1,363,530
|
| Shares: | 453,000
|
| Price: | $3.01
|
| Warrants: | No
|
| Settlement date: | Oct. 23
|
| Stock symbol: | Amex: MGT
|
| Stock price: | $4.80 at close Oct. 22
|
| Market capitalization: | $12.13 million
|
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