 MICT, Inc. Nasdaq: MICT the Company announced today that it has completed the acquisition of a wholly-owned subsidiary of Global Fintech Holdings Ltd. GFH for approximately 25 million in convertible securities. In connection with the previously announced private placement of convertible promissory notes, MICT has also received commitments to purchase the full 15 million of such notes. Upon stockholder approval, both the securities issued as merger consideration and the promissory notes issued in the private placement will be convertible into shares of MICT common stock at a conversion price of 1.10 per share. 