SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

MICT, INC.

(Name of Issuer)

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

 

55328R109

(CUSIP Number)

 

July 1, 2020

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 55328R109 13G Page 2 of 8

  

1.

Names of Reporting Persons

 

David Lucatz

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐

(b)  

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

Israel

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

5.

Sole Voting Power

 

1,500,000 shares of Common Stock(1)

6.

Shared Voting Power

 

1,234,200

7.

Sole Dispositive Power

 

1,500,000 shares of Common Stock(1)

8.

Shared Dispositive Power

 

1,234,200

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,734,200 shares of Common Stock

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

☐ 

11.

Percent of Class Represented by Amount in Row (9)

 

22.40%(1)

12.

Type of Reporting Person (See Instructions)

 

IN

 

(1) Includes 1,100,000 shares of common stock issuable upon the exercise of options exercisable within 60 days from the date hereof.
(2) Based on 12,207,714 shares of common stock, which includes 11,107,714 shares outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020) and assumes the exercise of options to purchase 1,100,000 shares of common stock held by Mr. Lucatz.

 

 

 

CUSIP No. 55328R109 13G Page 3 of 8

  

1.

Names of Reporting Persons

 

D.L. Capital Ltd.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐

(b)  

3.

SEC Use Only

 

4.

Citizenship or Place of Organization

 

Israel

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

1,234,200 shares of Common Stock

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

1,234,200 shares of Common Stock

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,234,200 shares of Common Stock

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

☐ 

11.

Percent of Class Represented by Amount in Row (9)

 

11.11%

12.

Type of Reporting Person (See Instructions)

 

CO

 

 

 

CUSIP No. 55328R109 13G Page 4 of 8

 

Item 1(a). Name of Issuer

 

MICT, Inc.

 

Item 1(b). Address of Issuer’s Principal Executive Offices

 

28 West Grand Avenue, Suite 3, Montvale, New Jersey 07645 

  

Item 2(a). Name of Person Filing

 

David Lucatz and D.L. Capital Ltd. (“DLC”) are referred to individually herein as a “Filing Person” and collectively as the “Filing Persons.” Mr. Lucatz is the controlling shareholder, Chief Executive Officer and Chairman of the Board of Directors of DLC and may be deemed to have beneficial ownership with respect to all shares held by DLC.

 

Item 2(b). Address of Principal Offices or, if None, Residence

 

c/o MICT, Inc.

28 West Grand Avenue, Suite 3, Montvale, New Jersey 07645 

  

Item 2(c). Citizenship

 

Mr. Lucatz is a citizen of Israel. DLC is a corporation organized under the laws of the State of Israel.

 

Item 2(d). Title of Class of Securities

 

Common Stock, $0.001 par value per share

 

Item 2(e). CUSIP Number

 

55328R109

 

Item 3. If the statement is being filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the filing person is a:

  

(a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) An employee benefit plan or endowment fund in accordance with  §240.13d-1(b)(1)(ii)(F);
(g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
(h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
(j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

 

 

CUSIP No. 55328R109 13G Page 5 of 8

 

Item 4 Ownership

 

1. David Lucatz. 

 

(a) Amount beneficially owned:

 

David Lucatz is deemed to beneficially own 2,734,200 shares of Common Stock, of which 1,100,000 are issuable upon the exercise of options.

 

(b) Percent of class:

 

22.40% based on 12,207,714 shares of common stock, which includes 11,107,714 shares of Common Stock of the Company outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020) and assumes the exercise of options to purchase 1,100,000 shares of common stock held by Mr. Lucatz.

 

(c) Number of shares as to which the person has:

 

(i) Sole power to vote or direct the vote:

1,500,000

(ii) Shared power to vote or direct the vote:

2,734,200 shares

(iii) Sole power to dispose or to direct the disposition of:

1,500,000

(iv) Shared power to dispose or to direct the disposition of:

2,734,200 shares

 

2. D.L. Capital Ltd.

 

(a) Amount beneficially owned:

 

DLC directly owns 1,234,200 shares of Common Stock.

 

(b) Percent of class:

 

11.11%, calculated based on the 11,107,714 shares of Common Stock of the Company outstanding as of June 15, 2020 (as disclosed by MICT in its Form 10-Q filed with the SEC on June 16, 2020).

 

(c) Number of shares as to which the person has:

 

(i) Sole power to vote or direct the vote:

0 shares

(ii) Shared power to vote or direct the vote:

1,234,200 shares

(iii) Sole power to dispose or to direct the disposition of:

0 shares

(iv) Shared power to dispose or to direct the disposition of:

1,234,200 shares

 

 

 

CUSIP No. 55328R109 13G Page 6 of 8

 

Item 5 Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

 

Item 6 Ownership of More Than Five Percent on Behalf of Another Person

 

1,234,200 shares of Common Stock beneficially owned by Mr. Lucatz are directly held by DLC.

 

Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not applicable.

 

Item 8 Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9 Notice of Dissolution of Group

 

Not applicable.

 

Item 10 Certification

 

(a) Not applicable.

 

(b) Not applicable.

 

(c) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

CUSIP No. 55328R109 13G Page 7 of 8

 

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.

  

  Dated:   July 13, 2020
   
  /s/ David Lucatz
  David Lucatz
   
  D.L. Capital Ltd.
   
  /s/ David Lucatz
  David Lucatz
  Chief Executive Officer

 

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 

 

 

CUSIP No. 55328R109 13G Page 8 of 8

 

EXHIBIT INDEX

 

Exhibit   Description
1   Exhibit 1 Joint Filing Agreement filed by and among the Reporting Persons, dated February 13, 2014 (incorporated herein by reference to Exhibit 1 to the Schedule 13G filed on February 13, 2014.

 

 

 

 

 

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