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MICT raises $25 million through a convertible note, with a conversion price at $1.41 per share and agrees to buy a multi-national financial technology group. The simultaneous transactions mark a significant milestone in MICT’s growth strategy.


 Montvale, NJ – November 8th, 2019 MICT, Inc. (Nasdaq: MICT), (the
“Company”), announced today that it has agreed to close on a $25 million private
placement of convertible notes, converting automatically at $1.41 per share at the closing of
an acquisition by the company of Global Fintech Holdings Ltd (GFH), which acquired the
ParagonEX Limited group of companies and the trading companies of BNN Technology PLC., 



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.

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Tel: (201) 225-0190

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