 MONTVALE, N.J., Feb. 16, 2021 GLOBE NEWSWIRE -- MICT, Inc. Nasdaq: MICT the Company, today announced that it closed its previously announced registered direct offering 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 approximately 60,000,000, before deducting placement agent fees and other estimated offering expenses. The Series A Warrants are exercisable six months after the date of issuance, have an exercise price of 2.80 per share and expire five and one-half years from the date of issuance. The Series B Warrants are exercisable six months after the date of issuance, have an exercise price of 2.80 per share and expire three and one-half years from the date of issuance. 