MGT Capital Investments, Inc. announced that it has entered into a securities purchase agreement with Capital Ten Management, LLC for gross proceeds of $228,000 on August 5, 2022. The company issued 22,800,000 shares of common stock at a price of $0.01 and issued three warrants, each to purchase 7,600,0000 shares of common stock. The warrants are exercisable at initial prices of $0.03, $0.06, and $0.12 per share, for three years from August 5, 2022.

The investor has the option to exercise all or any part of the warrants on a cashless or cash basis. The issuance of these securities is being made in reliance upon an exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933, as amended.