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MICT Obtains Stockholder Approval of Certain Stock Issuances and the Increase of its Authorized Share Capital as Pertains to its Recent Acquisition of Global Fintech Holdings


MONTVALE, N.J., September 4, 2020 / -- MICT, Inc. (Nasdaq: MICT) ("MICT" or the "Company") announced today that it has successfully completed its special stockholders meeting. The purpose of the meeting was to ratify certain stock issuances in connection with MICT’s acquisition of Global Fintech Holdings Intermediate (GFHI) and the previously announced financing. In addition to approving an increase in the authorized shares of common stock and preferred stock, so as to facilitate such financings, as well as future financings and acquisitions. Stockholders also approved an equity incentive plan for MICT.


About MICT, Inc. MICT, Inc. (NasdaqCM: MICT) operates through Micronet Ltd. (“Micronet”), a former subsidiary, in which MICT previously held a majority ownership interest that has since been diluted to a minority ownership interest. Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments.


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