Project Nickel LLC Files SC 13D for MGT Capital Investments
Ticker: MGTI · Form: SC 13D · Filed: Nov 8, 2024 · CIK: 1001601
Sentiment: neutral
Topics: ownership-change, sec-filing, sc-13d
TL;DR
**Project Nickel LLC just dropped a 13D on MGT Capital! Big ownership change incoming.**
AI Summary
On November 8, 2024, Project Nickel LLC filed an SC 13D, reporting beneficial ownership of MGT Capital Investments, Inc. common stock. The filing indicates a change in ownership or control, with Project Nickel LLC now holding a significant stake in the company. The specific percentage of ownership and any associated dollar amounts are detailed within the full filing.
Why It Matters
This filing signals a potential shift in control or a significant investment by Project Nickel LLC in MGT Capital Investments, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — SC 13D filings often indicate activist investors or significant stake acquisitions, which can lead to volatility and strategic changes for the company.
Key Players & Entities
- Project Nickel LLC (company) — Filing entity
- MGT Capital Investments, Inc. (company) — Subject company
- Grady Dowling Kittrell (person) — Group member of filing entity
- DAXVEST LLC (company) — Group member of filing entity
FAQ
What is the exact percentage of MGT Capital Investments, Inc. common stock beneficially owned by Project Nickel LLC?
The filing does not explicitly state the exact percentage of beneficial ownership in the provided text, but it is a Schedule 13D filing, indicating a significant stake.
When was this SC 13D filing submitted?
The filing was submitted on November 8, 2024.
Who are the group members associated with Project Nickel LLC in this filing?
The group members listed are DAXVEST LLC and Grady Dowling Kittrell.
What is the business address of MGT Capital Investments, Inc.?
The business address is 150 Fayetteville Street, Suite 1110, Raleigh, NC 27601.
What is the CUSIP number for MGT Capital Investments, Inc. common stock?
The CUSIP number is 55302P202.
Filing Stats: 2,844 words · 11 min read · ~9 pages · Grade level 14.9 · Accepted 2024-11-08 19:02:36
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- formsc13d.htm (SC 13D) — 132KB
- ex-a.htm (EX-1) — 14KB
- 0001493152-24-044359.txt ( ) — 147KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: November 8, 2024 Project Nickel LLC /s/ Grady D. Kittrell Name: Grady D. Kittrell Title: Manager DAXvest LLC /s/ Grady D. Kittrell Name: Grady D. Kittrell Title: Sole Member Grady Dowling Kittrell /s/ Grady D. Kittrell