 MONTVALE, N.J., Feb. 11, 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 22,471,904 shares of common stock, ii 22,471,904 Series A Warrants to purchase 22,471,904 shares of common stock and iii 11,235,952 Series B Warrants to purchase 11,235,952 shares of common stock at a combined purchase price of 2.67. The gross proceeds to MICT from this offering are expected to be approximately 60,000,000 before deducting placement agent fees and other estimated offering expenses. The Series A Warrants will be exercisable six months after the date of issuance, have an exercise price of 2.80 per share and will expire five and one-half years from the date of issuance. The Series B Warrants will be exercisable six months after the date of issuance, have an exercise price of 2.80 per share and will expire three and one-half years from the date of issuance. The offering is expected to close on or about February 16, 2021, subject to customary closing conditions. 