Deal sells 2.8 million units of one share, one warrant at $0.25 apiece
By Devika Patel
Knoxville, Tenn., Oct. 9 – MGT Capital Investments, Inc. completed a $700,000 private placement of units on Oct. 8, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 2.8 million units of one common share and one warrant at $0.25 per unit.
Each warrant is exercisable at $0.25 for three years. The strike price is a 4.17% premium to $0.24, the Oct. 7 closing share price.
MGT Capital is a health care holding company based in London.
| Issuer: | MGT Capital Investments, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $700,000
|
| Units: | 2.8 million
|
| Price: | $0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $0.25
|
| Settlement date: | Oct. 8
|
| Stock symbol: | Amex: MGT
|
| Stock price: | $0.24 at close Oct. 7
|
| Market capitalization: | $4.41 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
