Aug. 2 at 1:43 PM
$MGTI ● The approval of an amendment to our Articles of Incorporation (the “Articles of Incorporation”) to increase the number of authorized shares of common
stock of the Company from two billion five hundred million (2,500,000,000) shares to ten billion (10,000,000,000) shares, (the “Authorized Increase”).
● The approval to effect a reverse stock split of our outstanding shares of common stock of a ratio between 1-for-100 to 1- for-500 (the “Reverse Stock
Split”). The timing and ratio of the Reverse Stock Split will be determined by the Board.