MICT and Tingo Complete Due Diligence Process Leading to Progression of Merger

Parties Enter into Amended and Restated Merger Agreement to Confirm Due Diligence Process is Successfully Completed

MONTVALE, NJ, June 15, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ:MICT) (“MICT”) is delighted to announce that further to the signing of a definitive merger agreement with Tingo Inc. ("Tingo") on May 9, 2022, it has completed a thorough and extensive due diligence exercise on Tingo and its subsidiaries by leading advisors. Pursuant to this and the completion of the due diligence work undertaken by Tingo on MICT, the parties have entered into an Amended and Restated Merger Agreement.