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MICT CLOSES ON $7.25 MILLION IN STRATEGIC FUNDING

07/31/2019

• Additional $1.75 Million committed to be invested within 6 weeks

• Significant milestone in MICT’s growth strategy

 

Montvale, NJ – July 31th, 2019 MICT, Inc. (Nasdaq: MICT) (the “Company”) announced today that it has successfully closed on a series of strategic transactions resulting in the receipt by the Company of a total of $7.25 million, consisting of Series A convertible preferred stock and convertible notes. An additional $1.75 million is committed be invested in Series A convertible preferred stock on or before September 10, 2019, which will result in an aggregate of $9 million in proceeds to the Company.

 

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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


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