MGT Capital (MGT) Says NYSE Denied Listing of Additional Shares Needed to Close D-Vassive Deal

September 20, 2016 6:03 AM EDT

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MGT Capital Investments, Inc. (NYSE: MGT) announced that the New York Stock Exchange informed the Company late yesterday afternoon that it will not approve the listing on the Exchange of the 43.8 million shares that the Company is required to issue in order to complete the closing of the D-Vassive merger. The Company and John McAfee remain committed to closing the transaction and are exploring alternatives.

Mr. McAfee stated, "We are determined to consummate a transaction that brings our cybersecurity technologies to market in order to solve the pressing privacy and security issues that society faces."

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