MONTVALE, N.J., Oct. 23, 2019 /PRNewswire/ -- MICT, Inc. (MICT), (the "Company"), announced today that Micronet Inc., a Mobile Resource Management ("MRM") company in which the Company owns a minority interest, has received a purchase order for the supply and delivery of its 4th generation TREQ-317 all-in-one hardware platform ("TREQ-317 all-in-one") from an existing customer, a leading U.S. telematics service provider focusing on industrial solutions and components, in the total amount of $1,200,000. The TREQ-317 all-in-one offers advanced functionality enabling the customer, inter alia, to perform monitoring and management of vehicle fleets, including advanced Android™ based computing assignments, such as follow-up of tasks, two-way communication with the fleet manager, remote vehicle and engineering equipment diagnostics, monitoring behavior and drivers' hours of service, all with the purpose of improving customer efficiency and safety aspects of the customer's operations.
Conference call scheduled for tomorrow, November 15, 2019 at 9:00 a.m. EST MICT to enter global fintech market as it raises $25 million through the sale of convertible notes, with a conversion price of ...
NEW YORK, June 5, 2019 /PRNewswire/ -- BNN Technology PLC ("BNN") today announced that it has terminated its previously announced tender offer to purchase up to 1,953,423 shares of the common stock of MICT, Inc. (MICT) ("MICT") at a purchase price of $1.65 per share, net to the seller, in cash. The tender offer was made in accordance with the acquisition agreement, dated as of December 18, 2018, between BNN, MICT and other parties thereto (the "Acquisition Agreement"), and was due to expire at 5:00 p.m. EDT, on Friday, June 7, 2019.
MONTVALE, N.J., June 3, 2019 /PRNewswire/ -- MICT, Inc. (MICT) (the "Company"), announced that on June 2, 2019, Micronet Ltd. announced that on May 31, 2019 it received two purchase orders totaling $1,000,000 for the supply and delivery of its TREQ VMX platform. Micronet Ltd., an entity in which MICT has a voting stake of approximately 39.53%, received the purchase orders from a leading U.S. telematics service provider and a current Micronet customer. The TREQ VMX platform is a rugged portable mobile date terminal, installed in the driver's cabin, which enables the monitoring and management of a vehicle fleet.
MICT, Inc. (Nasdaq: MICT) (the "Company"), announced today that Micronet Ltd, an entity in which MICT holds a voting interest of 37.48%, has received U.S. Federal Communications Commission (FCC) authorization for its new, advanced rugged tablet(the "SmarTab8"), for 2.4GHZ, 5GHZ and LTE bands.
MONTVALE, N.J., Nov. 8, 2019 /PRNewswire/ -- MICT, Inc. (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. This $25 million funding, together with $7.25 million raised recently, substantially improves MICT's balance sheet, permitting the Company to support its growth strategy of diversifying into the global fintech industry, with the aim of unlocking substantial shareholder value. The acquisition of GFH gives MICT ownership of world-class proprietary technology platforms in the fintech arena, as well as access to the rapidly expanding Chinese fintech marketplace.
MONTVALE, N.J., July 31, 2019 /PRNewswire/ -- MICT, Inc. (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. The recent closings are comprised, before expenses, of $5.25 million in Series A convertible preferred stock, as well as a $2 million convertible note purchased by BNN Technology to replace MICT's existing creditor instruments on more favorable terms, plus applicable warrant coverage.
MICT, Inc. (Nasdaq: MICT) (the "Company"), announced today that Micronet Ltd, an entity in which MICT owns 30%, has received U.S. Federal Communications Commission (FCC) authorization for its new advanced video telematics camera, The Smart Camera ("SmartCam") for 2.4GHZ and 5GHZ.
MONTVALE, N.J. , Nov. 13, 2019 /PRNewswire/ -- MICT, Inc. (Nasdaq: MICT), announced today that it will release its financial results for the third quarter of 2019, on Thursday, November 14, 2019 prior ...
NEW YORK, May 29, 2019 /PRNewswire/ -- BNN Technology PLC ("BNN") today announced that it has further extended the expiration date of its previously announced tender offer to purchase up to 1,953,423 shares of the common stock of MICT, Inc. (MICT) ("MICT") at a purchase price of $1.65 per share, net to the seller, in cash. The tender offer is being made in accordance with the acquisition agreement, dated as of December 18, 2018, between BNN, MICT and other parties thereto (the "Acquisition Agreement").
MICT, Inc. (Nasdaq: MICT) ("MICT" or the "Company") announced today that it has entered into an Amended and Restated Agreement and Plan of Merger to acquire a wholly-owned subsidiary of Global Fintech Holdings Ltd ("GFH"), subject to certain closing conditions. Simultaneously, the Company has approved a private placement of convertible notes of up to $15 million, which shall be convertible into shares of MICT common stock at a conversion price of $1.10, consisting of $11 million of committed funding, with the ability to raise an additional $4 million on the same terms.
MONTVALE, N.J. , Aug. 7, 2019 /PRNewswire/ -- MICT, Inc. (Nasdaq: MICT), announced today that it will release its financial results for the Second Quarter of 2019, on Wednesday, August 14, 2019 prior ...
Conference call scheduled for August 14, 2019 at 9:00 a.m. EDT MONTVALE, N.J. , Aug. 14, 2019 /PRNewswire/ -- MICT, Inc. (Nasdaq: MICT), today announced financial results for the three months ended June ...
MICT, Inc. (Nasdaq: MICT), today announced financial results for the twelve months ended December 31, 2019.
MONTVALE, N.J., June 5, 2019 /PRNewswire/ -- MICT, Inc. (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. This funding package consists of $7M of newly issued convertible preferred shares, which are convertible at $1.10 per MICT share, with 75% warrant coverage, exercisable at $1.01.
MICT, Inc. (NASDAQCM: MICT) announced today that it will release its financial results for the fourth quarter and year end 2019, on Tuesday, February 18, 2020 prior to the opening of the market. Management will host a conference call to discuss the results at 9:00 a.m. eastern standard time (EDT) that day.
MICT, Inc. (Nasdaq: MICT) (the "Company") announced today that it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the SEC) relating to, among other items, its planned acquisition of Global Fintech Holdings Ltd (GFH), and a $25 million private placement of convertible debentures, converting automatically at $1.41 per share at the closing of the acquisition. Following SEC clearance of the preliminary proxy statement, our stockholders will be asked to vote on the matters described therein.
NEW YORK, NY / ACCESSWIRE / February 18, 2020 / MICT, Inc. (NASDAQ:MICT) will be discussing their earnings results in their 2019 Fourth Quarter and Year End Financial Results call to be held on February ...