Mict announces $60 million registered direct offering priced at-the-market under nasdaq rules
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.
MICT Ratings Summary
MICT Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission