Mict announces warrant repurchase agreement

Montvale, n.j., feb. 03, 2023 (globe newswire) -- mict, inc. (nasdaq: mict) (“mict” and the “company”) announced today it has entered into repurchase agreements with certain holders of the outstanding warrants over its common stock. pursuant to the agreements, mict will repurchase warrants representing an aggregate amount of 28,117,835 shares of its common stock, for which it is paying $0.15 per share on march 3, 2023 and $0.10 per share on may 1, 2023 at an aggregate cost to the company of $7,029,459.
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