mgt capital investments inc
Transactions by MGT CAPITAL INVESTMENTS INC (MGT) in the last 6 months
Tera Group, Inc. entered into a letter of intent to acquire MGT Capital Investments, Inc. (AMEX:MGT) in a reverse merger transaction on February 27, 2015. A definitive agreement is expected to be signed by March 16, 2015. Under the terms of the agreement, MGT will issue shares of its common stock to the current owners of Tera, representing 70% of the pro forma equity of the combined companies at closing. The deal is subject to stockholder approval. Source Capital Group, ...
MGT Capital Investments, Inc. (AMEX:MGT) announced a private placement to issue 5% promissory note to Tera Group, Inc. for gross proceeds of $250,000 on February 26, 2015. The notes carry a fixed rate of interest at 5% per annum. On the date of the issuance, the investor will pay $100,000 and on March 3, 2015, the investor will pay $150,000 to the company.
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