MGT Capital enters $8.5 million at-the-market equity sales agreement

Ascendiant Capital to fund working capital, general business purposes

By Devika Patel

Knoxville, Tenn., Dec. 30 - MGT Capital Investments, Inc. negotiated an $8.5 million at-the-market equity sales agreement with Ascendiant Capital Markets, LLC on Dec. 30, according to an 8-K and prospectus supplement filed Friday with the Securities and Exchange Commission.

Ascendiant will be paid a 3% commission.

Proceeds will be used for working capital, capital expenditures and general business purposes.

MGT Capital is a health care holding company based in London.

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