Deal Snapshot
MICT Closes Acquisition of Global Fintech Holdings with USD 15m in Committed Funding
Friday 10 July 2020

US-based holding company MICT, Inc. (NASDAQ: MICT) has completed the acquisition of a wholly-owned subsidiary of Global Fintech Holdings Ltd. for approximately USD 25m in convertible securities, the company said.

In connection with a private placement of convertible promissory notes, MICT has also received commitments to purchase the full USD 15m of such notes.

Date Published: 10/07/2020