GlobeNewswire Inc. · Oct 21, 2021
ALBANY, NY, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has entered into a securities purchase agreement to sell $16.3 million of convertible notes to certain accredited investors.
GlobeNewswire Inc. · Oct 21, 2021
Project includes the first 22 modular data centers built and used at scale
GlobeNewswire Inc. · Oct 8, 2021
ALBANY, N.Y., Oct. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. (“EcoChain”), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. (“MTI Instruments”), a test and measurement instruments and systems business, today announced that its Board of Directors has declared the regular monthly dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”). The dividend will be payable on or about October 31, 2021, to holders of the Series A Preferred Stock of record as of the close of business on October 18, 2021, for the month ended October 31, 2021 and with respect to the 86,585 shares of Series A Preferred Stock issued on September 28, 2021 (the “Option Shares”) for the period from September 28, 2021 through September 30, 2021. The Company announced the closing of 720,000 shares of Series A Preferred Stock offering, and the issuance of the Series A Preferred Stock, on August 23, 2021 and the issuance and sale of 86,585 Option Shares pursuant to the exercise of the underwriters overallotment option on September 28, 2021 (the “Option Issuance Date”). The initial dividend for the Option Shares accumulated from the Option Issuance Date. Dividends on the Series A Preferred Stock will be payable when, as and if declared by the Board of Directors monthly in arrears on the final day of each month or the next business day at an annual rate of 9.0% of the $25.00 liquidation preference per share.
GlobeNewswire Inc. · Aug 27, 2021
ALBANY, NY, Aug. 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced it has been selected to present at the 6th annual MicroCap Leadership Summit on Friday, September 24th, 2021. The MicroCap Leadership Summit is a two-day virtual event hosted by MicroCapClub.
