Deal sells 688,556 common shares at $0.25 per share, a 13.64% premium
By Devika Patel
Knoxville, Tenn., Dec. 18 – MGT Capital Investments, Inc. arranged a $172,139 registered direct offering of stock on Dec. 17, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company will sell 688,556 common shares at $0.25 apiece. The price per share is a 13.64% premium to the Dec. 16 closing share price of $0.22.
Settlement is expected Dec. 22.
Harrison, N.Y.-based MGT acquires, develops and monetizes assets in the online and mobile gaming space and the casino industry.
| Issuer: | MGT Capital Investments, Inc.
|
| Issue: | Common stock
|
| Amount: | $172,139
|
| Shares: | 688,556
|
| Price: | $0.25
|
| Warrants: | No
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Stock symbol: | NYSE: MGT
|
| Stock price: | $0.22 at close Dec. 16
|
| Market capitalization: | $4.73 million
|
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