MGT Capital Investments, Inc. (OTCMKTS:MGTI) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On May 5, 2017, MGT Capital Investments, Inc. (the
Company) issued a press release disclosing that
it entered into a joint venture agreement (the
Agreement) with Nordic IT Sourcing Association
Venture Partners (Nordic IT), to which the
Company and Nordic IT shall co-develop and market a new
generation of secure mobile phones. Nordic IT and the Company
share equal equity interest in the joint venture, JMPP Oy, which
will be domiciled in Helsinki, Finland. In accordance with the
terms of the Agreement, the Company shall design, engineer and
test mobile phones with certain privacy features and Nordic IT
will source strategic partners to manufacture such cell phones
and conduct marketing and sales of such mobile phones. A copy of
the press release referred to the above is attached hereto as
Exhibit 99.1.
The information contained in this Current Report on Form 8-K
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or incorporated by reference in any filing under the Securities
Act of 1933, as amended (the Securities Act) or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing. The furnishing of the information in this Current
Report on Form 8-K is not intended to, and does not, constitute a
representation that such furnishing is required by Regulation FD
or that the information contained in this Current Report on Form
8-K constitutes material investor information that is not
otherwise publicly available.
This Current Report on Form 8-K and exhibits may contain these
types of statements, which are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, and which involve risks, uncertainties and reflect the
Registrants judgment as of the date of this Current Report on
Form 8-K. Forward-looking statements may relate to, among other
things, operating results and are indicated by words or phrases
such as expects, should, will, and similar words or phrases.
These statements are subject to inherent uncertainties and risks
that could cause actual results to differ materially from those
anticipated at the date of this Current Report on Form 8-K. The
Company disclaims any obligation to, and will not, update any
forward-looking statements to reflect events or circumstances
after the date hereof. Investors are cautioned not to rely unduly
on forward-looking statements when evaluating the information
presented within.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is furnished herewith:
Exhibit Number | Description | |
99.1 | Press Release dated May 5, 2017 |
About MGT Capital Investments, Inc. (OTCMKTS:MGTI)
MGT Capital Investments, Inc. (MGT), through its subsidiaries, is engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space, as well as the social casino industry. The Company operates through two segments: Gaming and Intellectual Property. MGT’s gaming portfolio includes a social casino platform Slot Champ. It also includes minority stakes in the skill-based gaming platform MGT Play and fantasy sports operator DraftDay Gaming Group, Inc. (DDGG). The Company’s subsidiaries include Medicsight, Inc. (Medicsight), MGT Sports, Inc. (MGT Sports), MGT Studios, Inc. (MGT Studios) and MGT Gaming, Inc. (MGT Gaming). Medicsight owns medical imaging software and has designed an automated carbon dioxide insufflation device on which the Company receives royalties from an international distributor. The software is designed to detect colorectal polyps during a virtual colonoscopy performed using computed tomography. MGT Capital Investments, Inc. (OTCMKTS:MGTI) Recent Trading Information
MGT Capital Investments, Inc. (OTCMKTS:MGTI) closed its last trading session down -0.139 at 0.560 with 98,733 shares trading hands.