Notification That Annual Report Will Be Submitted Late (nt 10-k)
March 16 2017 - 5:31PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
one):
|
[X]
Form 10-K
|
[ ]
Form 20-F
|
[ ]
Form 11-K
|
[ ]Form
10-Q
|
[ ]
Form 10-D
|
[ ]
Form N-SAR
|
|
[ ]
Form N-CSR
|
|
|
|
|
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For
Period Ended: December 31, 2016
|
[ ]
|
Transition
Report on Form 10-K
|
|
[ ]
|
Transition
Report on Form 20-F
|
|
[ ]
|
Transition
Report on Form 11-K
|
|
[ ]
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Transition
Report on Form 10-Q
|
|
[ ]
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Transition
Report on Form N-SAR
|
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For the Transition Period Ended:
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Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing
in this form shall be construed to imply that the Commission has verified any information contained herein.
|
If
the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART
I — REGISTRANT INFORMATION
MGT
Capital Investments, Inc.
Full
Name of Registrant
Former
Name if Applicable
Address
of Principal Executive Office
(Street and Number)
512
S. Mangum Street, Suite 408
Durham,
NC 27701
PART
II — RULES 12b-25(b) AND (c)
If
the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)
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(a)
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The
reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
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[X]
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR,
or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed due date; and
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|
|
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
MGT
Capital Investments Inc. (the “Company”) was unable to file its Annual Report on Form 10-K for the fiscal year ended
December 31, 2016 on a timely basis because the Company requires additional time to work with its auditors and legal counsel to
prepare and finalize the Form 10-K. The Company anticipates that it will file the Form 10-K no later than the fifteenth calendar
day following the prescribed filing date.
PART
IV — OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this notification
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Robert
Ladd
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914
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630-7431
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file
such report(s) been filed ? If answer is no, identify report(s).
Yes
[X] No [ ]
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the subject report or portion thereof?
Yes
[X] No [ ]
If
so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.
As
previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 9,
2017, the Registrant dismissed Friedman LLP (“Friedman”), its former certifying accountant, and engaged RBSM
LLP (“RBSM”) as its new independent registered public accounting firm effective on January 5, 2017. RBSM is
currently preparing the Registrant’s audited consolidated financial statements (the “Financial Statements”)
for the fiscal year ended December 31, 2016. However, due to the timing of this transition as well as the significantly
increased reporting requirements as a result of the Registrant’s new status as Accelerated Filer, the Registrant needs
additional time to prepare its Annual Report on Form 10-K for the year ended December 31, 2016. The Registrant currently
anticipates that the Form 10-K for the year ended December 31, 2016 will be filed as soon as practicable and no later than
March 31, 2017.
MGT
CAPITAL INVESTMENTS, INC.
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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MGT
CAPITAL INVESTMENTS, INC.
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|
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Date:
March 16, 2016
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By:
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/s/
Robert b. Ladd
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Robert
b. Ladd
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President
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