MICT Scheduled to File Year End 2021 Financial Results Ahead of Close of Business Friday, June 17, 2022
MICT, Inc. (NASDAQ: MICT) announced it will file its Form 10-K detailing 2021 year-end financial results by June 17, 2022. The company faced delays due to COVID-related lockdowns in China, impacting the auditors' ability to complete necessary filings. CEO Darren Mercer expressed gratitude for the auditors' efforts and stockholders' support during this period. MICT is a fintech company focused on consumer services in China, with plans for market expansion. Additionally, it holds necessary licenses for securities dealings in multiple exchanges worldwide.
- MICT is set to file its 2021 Form 10-K, indicating progress in financial disclosures.
- The company has successfully navigated COVID-related challenges to resume operations.
- MICT operates a scalable fintech platform across approximately 130 cities in China.
- The delayed filing of the Form 10-K raises concerns about transparency and compliance.
- Uncertainties related to the merger and future business benefits as outlined in forward-looking statements.
MONTVALE, NJ, June 14, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or “Company”) today announces its intention to file its Form 10-K outlining year-end financial results from 2021 by close of business on Friday, June 17, 2022.
Darren Mercer, MICT’s CEO comments, “Following a very long COVID lockdown in China, which prevented the Company’s auditors from completing filing until very recently, we are now finally in a position to report our 2021 year end results. We thank our auditors for their dedication and hard work, and our stockholders for their continued support and patience as we sought to amend this unavoidable circumstance. We look forward to sharing our results by week’s end.”
About MICT
MICT is a financial technology business principally focused on the growth and development of a suite of consumer fintech services across approximately 130 cities in China, with planned expansion into additional markets. MICT has developed highly scalable proprietary platforms for insurance products (B2B, B2B2C and B2C) and financial services/products (B2C), the technology for which is highly adaptable for other applications and markets. MICT has acquired and holds the requisite license and approvals with the Hong Kong Securities and Futures Commission to deal in securities and provide securities advisory and asset management services. MICT also has memberships/registrations with the Hong Kong Stock Exchange, the London Stock Exchange and the requisite Hong Kong and China Direct clearing companies. MICT’s financial services business and first financial services product, the Magpie Invest app, is able to trade securities on NASDAQ, NYSE, TMX, HKSE, China Stock Connect, LSE, the Frankfurt Stock Exchange and the Paris Stock Exchange.
Cautionary Note Regarding and Forward-Looking Statements
This press release and statements of each of Tingo and MICT’s management made in connection therewith contain “forward-looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). The words “believe,” “may” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon Tingo’s and MICT’s respective current expectations and assumptions and are subject to significant risks and uncertainties that could cause actual results (including whether the Merger will actually be consummated and the anticipated benefits of the Merger to the businesses of each of Tingo and MICT as described herein) to differ materially from those contemplated in such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in each of Tingo’s and MICT’s filings with the Securities and Exchange Commission (“SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Neither Tingo nor MICT undertakes any obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. The inclusion of any statement in this release does not constitute an admission by Tingo, MICT or any other person that the events or circumstances described in such statements will take place as described or are material.
MICT Contact Information
Email: info@mict-inc.com
Phone: (201) 225-0190
FAQ
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