MICT, Inc. (Nasdaq: MICT), today announced that it closed its previously announced registered direct offering of 10,000,000 shares of common stock and 8,000,000 common stock purchase warrants at a combined purchase price of $2.50. The gross proceeds to MICT from this offering are $25,000,000, before deducting placement agent fees and other estimated offering expenses. The common stock purchase warrants are exercisable for five years from the initial exercise date at an exercise price of $3.12 per share.

A.G.P./Alliance Global Partners acted as sole placement agent for the offering.

About MICT

MICT, Inc. (NasdaqCM: MICT) operates through its subsidiaries, GFH Intermediate Holdings Ltd. and Micronet Ltd. GFHI's versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage for equities trading and wealth management services and sales of insurance products in several high-growth foreign markets including Asia where GFH owns a substantial propriety database of users. Micronet operates in the growing telematics and commercial Mobile Resource Management (MRM) market, mainly in the United States and Europe. Micronet designs, develops, manufactures and sells mobile computing solutions that provide fleet operators and field workforces with computing solutions in challenging work environments.