Mechanical Technology, Incorporated Announces Closing of Public Offering of Common Stock
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ALBANY, N.Y., April 29, 2021 /PRNewswire/
Mechanical Technology, Incorporated ( MTI or the Company ), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ( MTI Instruments ) and EcoChain, Inc. ( EcoChain ), a cryptocurrency mining business powered by renewable energy, announced today the closing of its firm commitment underwritten public offering of 2,419,355 shares of its common stock, together with accompanying warrants to purchase up to 604,839 shares of common stock at a combined public offering price of $6.20. The warrants have an initial exercise price of $8.24 per share, are immediately exercisable and have a term of five years from the date of issuance.
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ALBANY, N.Y., Jan. 20, 2021 /PRNewswire/
EcoChain, Inc. ( EcoChain or the Company ), headquartered in Albany, New York, a wholly owned subsidiary of Mechanical Technology, Incorporated, a publicly traded company (OTC Pink: MKTY) announced yesterday an agreement to acquire land to build a green data center.
Today s announcement of an agreement to acquire land is an important step in the Company s plan to build an
ultra low-cost green data center that will fulfill the Company s goal of becoming an ultra capital efficient data center operator.
The Company anticipates that the site, which is located in the Southeast United States, represents a critical step in its strategic roadmap to grow its EcoChain business. The Company has set an objective to complete construction of a
Mechanical Technology, Incorporated (
MTI or the
Company ), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, continues their philosophy of transparency as they enter 2021.
The management team at MTI took the opportunity to accept a request for an investor phone call. In the interest of fairness and transparency they have adopted a process of recording and posting investor inquiry meetings to their website as well as filing a Form 8-K. The discussion mainly focused on management strategy and opportunity around both the Instruments division and the EcoChain division. See the Form 8-k filing on the SEC EDGAR website and the audio posting on the Company s website, https://www.mechtech.com/investors/.
Mechanical Technology, Incorporated Releases a Letter to Stockholders, as EcoChain Prepares for Growth of its Cryptocurrency Business Unit
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Mechanical Technology, Incorporated (
MTI or the
Company ), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today released a letter from CEO Michael Toporek, detailing the growth plans for the EcoChain business unit.
Dear Fellow Stockholders:
This has been a dynamic and unprecedented year for our company. As we conclude 2020 and look forward to 2021, I wanted to take an opportunity to share with you some thoughts about our company and its future plans.