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.

 

2

 

 

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.

 

3

 

 

(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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