June 05, 2019

mict


    Strategic investment of up to $16.25M in MICT, with at least      $9M funded at the closings

Montvale, NJ – June 5, 2019 – MICT, Inc. (Nasdaq: MICT) (the “Company”),
announced today that yesterday it entered into definitive agreements with a group of strategic investors, pursuant to which such investors have agreed to invest between $9M and $16.25M in MICT subject to Nasdaq approval. The new financing materially strengthens MICT’s balance sheet and is contemplated to help to facilitate regaining compliance with Nasdaq’s minimum stockholders’ equity requirement.

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About MICT, Inc.


MICT, Inc. (Nasdaq: MICT), via its equity interest in Micronet Ltd., provides rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. Micronet develops, manufactures and provides mobile computing platforms for the mobile logistics management market in the U.S., Europe and Israel. American manufactured systems are designed for outdoor and challenging work environments in trucking, distribution, logistics, public safety and construction.

Contact Information


Tel: (201) 225-0190

info@mict-inc.com

 


Copyright MICT Inc. 2018