MICT, Inc.
Completion of the Acquisition Provides MICT the Following Significant and Immediate Benefits:
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Ownership of 100% of Tingo, Inc.’s Operating Business and Assets (namely Tingo Mobile Limited)
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Consolidation of 100% of Tingo Mobile’s Revenues and Income into MICT from Today (annualized revenue run rate approaching USD $1.2 billion and net income before tax run rate approaching USD $650 million – as reported within Tingo, Inc.’s Q3 2022 Form 10-Q)
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Consolidation of 100% of Tingo Mobile’s Balance Sheet into MICT (Cash at September 30, 2022 amounted to $247 million and Total Assets amounted to $1.51 billion)
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The opportunity to globalize and dollarize an already established rapidly growing and highly scalable fintech and agri-fintech business
MONTVALE, NJ, Dec. 01, 2022 (GLOBE NEWSWIRE) — MICT, Inc. (NASDAQ: MICT) (“MICT”) has today completed the previously announced acquisition of 100% of the operating business and…
