 MONTVALE, N.J., March 03, 2021 GLOBE NEWSWIRE -- MICT, Inc. Nasdaq: MICT the Company, today announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of i 19,285,715 shares of common stock and ii 19,285,715 warrants to purchase 19,285,715 shares of common stock at a combined purchase price of 2.80. The gross proceeds to MICT from this offering are expected to be approximately 54 million before deducting placement agent fees and other estimated offering expenses. The warrants will be exercisable immediately, have an exercise price of 2.80 per share and will expire five years from the date of issuance. The offering is expected to close on or about March 4, 2021, subject to customary closing conditions. 