424B3 1 ea145914-424b3_mictinc.htm PROSPECTUS SUPPLEMENT

Filed Pursuant to Rule 424(b)(3)

Registration No.  333-256209

 

Prospectus Supplement No. 2 to Reoffer Prospectus

of

MICT, Inc.

 

Up to 43,107,034 Shares of Common Stock

 

This Prospectus Supplement No. 2, dated August 16, 2021 (this “Supplement”), supplements the reoffer prospectus filed as part of the Registration Statement on Form S-3 filed by MICT, Inc. (the “Company”, MICT,” “us”, “our” or “we”) with the Securities and Exchange Commission (the “SEC”) on July 7, 2021 (the “Prospectus”), relating to the resale of common stock, par value $0.001 per share (the “Common Stock”), of the Company which may be offered and sold from time to time by Selling Stockholders, or their successors in interest (the “Selling Stockholders”), of our Common Stock. This Supplement covers 43,017,034 shares of common stock warrants (the “Shares”).

 

You should read this Supplement in conjunction with the Prospectus. This Supplement is qualified by reference to the Prospectus, except to the extent the information in this Supplement supersedes the information contained in the Prospectus.

 

Our Common Stock is quoted on the Nasdaq Capital Market under the symbol “MICT”. On August 13, 2021, the closing sales price of our Common Stock on the Nasdaq Capital Market was $1.99 per share.

 

The Shares may be offered from time to time by any or all of the Selling Stockholders through ordinary brokerage transactions, in negotiated transactions or in other transactions, at such prices as such Selling Stockholder may determine, which may relate to market prices prevailing at the time of sale or be a negotiated price. See “Plan of Distribution” in the Prospectus. Sales may be made through brokers or to dealers, who are expected to receive customary commissions or discounts. Brokers or dealers effecting transactions in these Shares should confirm that the Shares are registered under applicable state law or that an exemption from registration is available.

 

The Selling Stockholders and participating brokers and dealers may be deemed to be “underwriters” within the meaning of the Securities Act, in which event any profit on the sale of Shares of those Selling Stockholders and any commissions or discounts received by those brokers or dealers may be deemed to be underwriting compensation under the Securities Act. 

 

You should carefully read and consider the risk factors under Item 1A beginning on page 31 of our Annual Report on Form 10-K for the year ended December 31, 2020 for risks relating to investment in the Company’s securities.

 

Neither the SEC nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prospectus or this Supplement. Any representation to the contrary is a criminal offense.

 

The information set forth under the caption “Selling Stockholders” in the Prospectus is amended and restated in its entirety as set forth below and is provided for the primary purpose of updating the table of Selling Stockholders contained in the Prospectus.

 

The date of this Supplement is August 16, 2021

 

 

 

 

SELLING STOCKHOLDERS

 

The following table sets forth the names of the Selling Stockholders (and/or the beneficial owners) and the number of Shares beneficially owned by each of them as of the date of this prospectus supplement.

 

The table below supplements or amends the table of Selling Stockholder contained on pages 10 and 11 of the reoffer prospectus dated July 7, 2021. Where the name of a Selling Stockholder identified in the table below also appears in the table in the reoffer prospectus, the information set forth in the table below regarding that Selling Stockholder supersedes the information in the reoffer prospectus. Information in the table below with respect to beneficial ownership has been furnished by each of the Selling Stockholders. The Shares are being registered to permit public secondary trading of the Shares, and Selling Stockholders may offer the Shares for resale from time to time. The Selling Stockholders listed in the table below may have sold, transferred, otherwise disposed of or purchased, or may sell, transfer, otherwise dispose of or purchase, at any time and from time to time, Shares of our Common Stock in transactions exempt from the registration requirements of the Securities Act or in the open market after the date on which they provided the information set forth in the table below.

 

The following table further sets forth (i) the aggregate of the number of Shares held by each Selling Stockholder on or about the date of this Supplement (ii) the number of Shares that each Selling Stockholder may offer for sale from time to time pursuant to the Prospectus, as supplemented by this Supplement, whether or not such Selling Stockholder has a present intention to do so; and (iii) the number of Shares to be beneficially owned by each Selling Stockholder following the sale of all Shares that may be so offered pursuant to the Prospectus. There is no assurance that any of the Selling Stockholders will sell any or all of the Shares offered by them under the Prospectus or this Supplement. Any changed information will be set forth in an amendment or supplement to the Prospectus or this Supplement, to the extent required by law.

 

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Name of Selling Security Holder  Number of
Shares
Beneficially
Owned
Before the
Offering		   Number of
Shares
Offered for
the Account
of the
Selling
Stockholder		   Number of
Shares
Beneficially
Owned After
Offering		   Percentage
of Shares
Beneficially
Owned
After
Offering		 
Adebayo Oladipo Alaba   151,691    151,691    –    * 
Adrian McAlpine   499,307    184,306    315,001    * 
A.G.P./Alliance Global Partners   584,607    584,607    –    * 
Alan Jones   4,500    4,500    –    * 
Alastair Hunter   28,091    28,091    –    * 
Altium Growth Fund, LP(1)   7,570,510    2,755,102    –    * 
Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B(2)   7,570,510    2,755,102    4,815,408    4.0%
Ami Assets S.A.   90,000    90,000    –    * 
Andrew Martin Sciama   2,037,174    454,597    1,582,577    1.3%
Anson Investments Master Fund LP(3)   5,677,883    2,066,327    3,611,556    3.0%
Anson East Master Fund LP(4)   1,892,627    688,775    –    * 
Anthony Sultan   436,493    252,818    183,675    * 
Armistice Capital Master Fund Ltd.(5)   7,570,510    2,755,102    –    * 
Carltane (International) Limited   674,183    404,509    269,674    * 
Carmelo Cataudella   68,588    68,588    –    * 
Catherine Mercer   22,500    22,500    –    * 
Cerys Hopkirk   224,727    224,727    –    * 
China Strategic Investments Limited   1,746,791    74,711    1,672,080    1.4%
Christopher Baker   33,709    33,709    –    * 
Christopher Fleet   90,000    90,000    –    * 
Christopher Johnson   121,000    121,000    –    * 
Cushman Holdings Limited   1,244,004    85,373    1,158,631    * 
Darren Mercer   11,620,939    5,620,939    6,000,000    5.0%
David Bassett   23,511    23,511    –    * 
David Birenbaum   27,873    27,873    –    * 
David Bocchi   374,148    374,148    –    * 
David Langer   56,182    56,182    –    * 
Deerwood Assets Limited   561,818    561,818    –    * 
Don Godwin   45,000    45,000    –    * 
East Anglia Investments   2,300,000    2,300,000    –    * 
Emma Louise Kirby   112,364    112,364    –    * 
Emanuel Cohen   37,164    37,164    –    * 
Empery Asset Master LTD(7)   3,626,713    1,663,311    1,963,402    1.6%
Empery Tax Efficient III, LP(8)   2,251,369    625,369    1,626,232    1.3%
Empery Tax Efficient, LP(9)   1,333,930    466,422    867,508    * 
Ensco 1390 Limited   3,208,000    3,208,000    –    * 
Ernest Bennett   67,500    67,500    –    * 
Fiona Dreesmann   56,182    56,182    –    * 
Gary John Sewell   28,091    28,091    –    * 
Gaynor Charlotte   28,091    28,091    –    * 
George Anagnostou   160,349    160,349    –    * 
Graham Walker   9,000    9,000    –    * 
Grant Mercer   135,000    135,000    –    * 
Gregory Simidian   58,777    58,777    –    * 
Grosvenor Bridging Loans Limited   258,436    129,218    129,218    * 
Guy Stanley Collins   235,963    112,364    123,599    * 
Hadron Alpha Select Fund   1,146,500    1,146,500    –    * 
Hadron Master Fund   262,590    262,500    –    * 
Haim Perry   112,364    112,364    –    * 
Harry Ioannou   213,799    115,056    –    * 
Heights Capital Management, Inc. (6)   2,755,103    2,755,103    –    * 
Hudson Bay Master Fund Ltd.(10)   7,570,510    2,755,103    4,815,407    4.0%
Ian Gray   1,103,911    794,547    309,364    * 
Ian Sandler   100,000    46,000    54,000    * 
Jack Barton   185,818    56,182    129,636    * 
James Downes   1,800    1,800    –    * 
James Tang   26,725    26,725    –    * 
Jeremy Hyman Martell   298,115    298,115    –    * 
Joan Beck   326,326    146,181    180,145    * 
John Porter   36,000    36,000    –    * 
Jonathan Clauge   112,364    112,364    –    * 
Julia Prior Palmer   112,364    112,364    –    * 
Keith Dearling   155,324    73,036    82,288    * 
Keith Donofrio   80,175    80,175    –    * 
Kevin Oleskewicz   5,346    5,346    –    * 
Malcolm Webber   11,755    11,755    –    * 
Marc Marot   29,389    29,389    –    * 
Martin Abramson   85,909    85,909    –    * 
Martin Rawlings   408,402    224,727    183,675    * 
Matthew Russell   61,800    61,800    –    * 
Melvyn Sandler   231,818    231,818    –    * 
Michael Ernest Sciama   958,483    454,597    503,886    * 
Michelle Frances Crellin   86,868    86,868    –    * 
Michelle Henderson   36,000    36,000    –    * 
Mike Howard   27,000    27,000    –    * 
Mike Pennington   9,000    9,000    –    * 
Morris Coore   9,000    9,000    –    * 
Morris Mason   18,000    18,000    –    * 
Nigel Johnson   90,000    90,000    –    * 
Oliver Abrahams   1,800    1,800    –    * 
Paul Levinson   89,891    89,891    –    * 
Peter James Ungar   168,546    84,273    84,273    * 
Peter Linas   77,000    77,000    –    * 
Pugh Davies Properties Limited   248,728    112,364    136,364    * 
Ray Turner   56,285    56,285    –    * 
Richard Armstrong   67,500    67,500    –    * 
Richard Green   28,091    28,091    –    * 
Richard Nigel Sciama   860,427    356,541    503,886    * 
RSI Consultancy Limited   223,636    223,636    –    * 
Rulegale Nominees Limited   157,500    157,500    –    * 
Russell Sidebottom   28,091    28,091    –    * 
Simcha Shadmi   45,000    45,000    –    * 
Simon Prior-Palmer   2,442,042    805,608    1,636,433    1.3%
Stephen Garbutta   168,546    112,364    56,182    * 
Steve Heaney   10,800    10,800    –    * 
Stephen Henesy   224,727    224,727    –    * 
Stuart Mercer   53,711    13,709    40,002    * 
Sutton   124,500    124,500    –    * 
The White Partnership LLP   61,236    11,236    50,000    * 
Tim Steel   40,000    40,000    –    * 
Todd Patrick   28,091    28,091    –    * 
Tom Higgins   16,702    16,702    –    * 
Zachary  Grodko   53,450    53,450    –    * 
Zachary Hirsch   21,379    21,379    –    * 
Zulfiqur Al Tanveer Haider   112,364    112,364    –    * 

 

*Less than 1%

 

(1)The securities to be registered for resale by Altium Growth Fund, LP include 2,755,102 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance.

 

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(2)The securities to be registered for resale by Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B include 2,755,102 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Ayrton Capital LLC, the investment manager to Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, has discretionary authority to vote and dispose of the Shares held by Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B and may be deemed to be the beneficial owner of these Shares. Waqas Khatri, in his capacity as Managing Member of Ayrton Capital LLC, may also be deemed to have investment discretion and voting power over the Shares held by Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B. Ayrton Capital LLC and Mr. Khatri each disclaim any beneficial ownership of these Shares.

 

(3)The securities to be registered for resale by Anson Investments Master Fund LP include 2,066,327 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance.

 

(4)The securities to be registered for resale by Anson East Master Fund LP include 688,775 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance.

  

(5)The securities to be registered for resale by Armistice Captial Master Fund Ltd. include 2,755,102 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance.

 

(6)The securities to be registered for resale by Heights Capital Management, Inc. include 2,755,103 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Heights Capital Management, Inc., the authorized agent of CVI Investments, Inc. ("CVI"), has discretionary authority to vote and dispose of the Shares held by CVI and may be deemed to be the beneficial owner of these Shares. Martin Kobinger, in his capacity as Investment Manager of Heights Capital Management, Inc., may also be deemed to have investment discretion and voting power over the Shares held by CVI. Mr. Kobinger disclaims any such beneficial ownership of the Shares. CVI Investments, Inc.is affiliated with one or more FINRA member, none of whom are currently expected to participate in the sale pursuant to the prospectus contained in the Registration Statement of Shares purchased by the Investor in this Offering.

 

(7)The securities to be registered for resale by Empery Asset Master, LTD ("EAM"), include 1,663,311 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Empery Asset Management LP, the authorized agent of EAM has discretionary authority to vote and dispose of the Shares held by EAM and may be deemed to be the beneficial owner of these Shares. Martin Hoe and Ryan Lane, in their capacity as investment managers of Empery Asset Management LP, may also be deemed to have investment discretion and voting power over the Shares held by EAM. EAM, Mr. Hoe and Mr. Lane each disclaim any beneficial ownership of these Shares.

 

(8)The securities to be registered for resale by Empery Tax Efficient III, LP ("ETE III"),  include 625,369 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Empery Asset Management LP, the authorized agent of ETE III has discretionary authority to vote and dispose of the Shares held by ETE III and may be deemed to be the beneficial owner of these Shares. Martin Hoe and Ryan Lane, in their capacity as investment managers of Empery Asset Management LP, may also be deemed to have investment discretion and voting power over the shares held by ETE III. ETE III, Mr. Hoe and Mr. Lane each disclaim any beneficial ownership of these Shares.

 

(9)The securities to be registered for resale by Empery Tax Efficient LP ("ETE"), include 466,422 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Empery Asset Management LP, the authorized agent of ETE has discretionary authority to vote and dispose of the Shares held by ETE and may be deemed to be the beneficial owner of these Shares. Martin Hoe and Ryan Lane, in their capacity as investment managers of Empery Asset Management LP, may also be deemed to have investment discretion and voting power over the Shares held by ETE. ETE, Mr. Hoe and Mr. Lane each disclaim any beneficial ownership of these Shares.

 

(10)The securities to be registered for resale by Hudson Bay Master Fund Ltd. include 2,755,102 Shares which are immediately exercisable at an exercise price of $2.80 per share and will expire five years from the date of issuance. Hudson Bay Capital Management LP, the investment manager of Hudson Bay Master Fund Ltd., has voting and investment power over these Shares. Sander Gerber is the managing member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management LP. Each of Hudson Bay Master Fund Ltd. and Sander Gerber disclaims beneficial ownership over these Shares.

 

 

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