Recent Updates — MGTI

MGT Capital Investments, Inc. entered into Securities Purchase Agreements with two accredited investors to conduct a private placement of up to $225,000 in common stock at $0.001 per share. As of the filing date, the company has closed on the sale of 100,000,000 shares for an aggregate of $100,000. The offering is conducted on a rolling closing basis and is scheduled to terminate on December 31, 2026, unless extended. Net proceeds are intended for general working capital purposes. MGT Capital Investments operates as an investment company.

On June 30, 2026, MGT Capital Investments entered into an agreement with Project Nickel LLC to extinguish a Secured Convertible Promissory Note originally totaling $1,220,240. In exchange, the company issued 3,250,000 shares of newly designated Series E Convertible Preferred Stock and 750,131,126 shares of common stock. Simultaneously, the company sold 150,000,000 shares of common stock to David M. Garrity for $50,000 at a price of $0.00033 per share. On July 6, 2026, the Board of Directors expanded from one to three members, appointing Jonathan M. Pfohl and David M. Garrity as directors. The company operates as an investment firm.