MICT's filing of a registration statement today relates to registration of a portion of restricted shares previously issued, as well as the registration of a new shelf registration statement, and does not reflect a new issuance of stock
MONTVALE, N.J., May 17, 2021 (GLOBE NEWSWIRE) -- Today MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) filed an S-3 registration statement. The Company wishes to note that the filing is for dual purposes as follows: (i) registering a portion of the restricted shares it has already issued; and (ii) registering a new shelf registration statement to enable it to take advantage of potential growth opportunities in the future. Today’s filing does not have any effect on the Company’s number of shares presently issued and outstanding.
About MICT, Inc.
This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. These forward-looking statements include, but are not limited to, our expectations about receiving orders for our products in the future, statements regarding our business and operations, statements regarding SmartCam, our expectations regarding the global logistics and transportation telematics industry growth, and the belief that a majority stake in Micronet will leverage our global platform to grow the telematics business. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in the Company's annual report on Form 10-K for the year ended December 31, 2019 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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