MICT, Inc. (MICT) Social Stream

Featured Post From StockTwits About MICT

$MICT The new filing 425B3 is not a offering. The company has enter into a warrant sell of close to about 43Millions Share sell. Which is mention at the end of the first paragraph in 425B3. The warrant has an exercise price of $2.80 and has an expiration date of 5 years. Inorder to fill in the gap of 43M shares, they need shares inorder for the warrant. Thus this is an update to the agreement of all these shareholder willing to sell at 2.80/shares upon warrant exercise. Majority of warrant was bought by a third party back in March, according the sec filing, for about .125 per warrant and have an exercise price at 2.80. Please note, these shares cannot be sold by any of the people listed in the 425B3. Because it have to be held by a third party, incase they want to exercise their warrant right. meaning their better be stock for the warrant holder. So no, you will not see a massive dump of the shares. Because most of the warrant holder are vanguard, black rock, etc.