0000930413-16-005536.txt : 20160216
0000930413-16-005536.hdr.sgml : 20160215
20160216163844
ACCESSION NUMBER: 0000930413-16-005536
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151231
FILED AS OF DATE: 20160216
DATE AS OF CHANGE: 20160216
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MGT CAPITAL INVESTMENTS INC
CENTRAL INDEX KEY: 0001001601
STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794]
IRS NUMBER: 133758042
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 MAMARONECK AVENUE - SUITE 204
CITY: HARRISON
STATE: NY
ZIP: 10528
BUSINESS PHONE: (914) 630-7430
MAIL ADDRESS:
STREET 1: 500 MAMARONECK AVENUE - SUITE 204
CITY: HARRISON
STATE: NY
ZIP: 10528
FORMER COMPANY:
FORMER CONFORMED NAME: MEDICSIGHT INC
DATE OF NAME CHANGE: 20021113
FORMER COMPANY:
FORMER CONFORMED NAME: HTTP TECHNOLOGY INC
DATE OF NAME CHANGE: 20001016
FORMER COMPANY:
FORMER CONFORMED NAME: INTERNET HOLDINGS INC
DATE OF NAME CHANGE: 19980520
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Silverman Joshua
CENTRAL INDEX KEY: 0001524858
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32698
FILM NUMBER: 161429393
MAIL ADDRESS:
STREET 1: 641 LEXINGTON AVENUE
STREET 2: 26TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
5
1
c84001_5.xml
X0306
5
2015-12-31
0
0
1
0001001601
MGT CAPITAL INVESTMENTS INC
MGT
0001524858
Silverman Joshua
205 EAST 42ND ST
20TH FLOOR
NEW YORK
NY
10017
1
0
0
0
Common Stock, $0.001 Par Value
2015-10-08
4
P
0
L
300000
A
1339096
I
By Iroquois Master Fund Ltd.
Common Stock, $0.001 Par Value
48738
I
By Iroquois Capital Management, LLC
Warrant to Purchase Common Stock (Right to Buy}
0.25
2015-10-08
4
P
0
L
600000
A
2018-10-08
Common Stock
600000
600000
I
By Iroquois Master Fund Ltd.
On October 8, 2015, Iroquois Master Fund purchased in a private placement 300,000 units of MGT Capital Investments, Inc. (the "Company") at a purchase price of $0.25 per unit, with each unit consisting of one share of the Company's Common Stock and a three year Warrant to purchase two shares of Common Stock at an initial exercise price of $0.25 per share.
Securities held by Iroquois Master Fund. Iroquois Capital Management LLC, as the investment manager of Iroquois Master Fund, may be deemed to beneficially own the shares of Common Stock held by Iroquois Master Fund. Mr. Silverman, as a managing member of Iroquois, may be deemed to beneficially own the shares of Common Stock beneficially owned by Iroquois Master Fund. Mr. Silverman disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Shares of Common Stock held by Iroquois. Mr. Silverman, as a managing member of Iroquois, may be deemed to beneficially own the shares of Common Stock beneficially owned by Iroquois. Mr. Silverman disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
The Warrants are exercisable on the earlier of (i) one year from the date of issue (October 8, 2016) or (ii) the occurrence of certain corporate events, including a private or public financing, subject to approval of the lead investor, in which the Company receives gross proceeds of at least $7,500,000. The Company is prohibited from effecting an exercise of any Warrant to the extent that, as a result of any such exercise, the holder would beneficially own more than 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon exercise of such Warrant.
/s/ Joshua Silverman
2016-02-12