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MICT Enters Fintech Market with Acquisition of Global Fintech Holdings for $26 Million and Raises Up to $15 Million

04/15/2020
  •  Approximately $26 million of convertible securities (convertible into shares of
    MICT common stock) as consideration for the merger  
  •  Committed funding of $11 million of convertible notes convertible into shares of
    MICT common stock at a conversion price of $1.10 per share, plus ability to raise
    an additional $4 million
  •  Strong balance sheet with significant net cash strongly supports MICT’s strategy
    for growth through accretive acquisitions

 

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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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