Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
On January 27, 2022, MICT, Inc., a Delaware corporation (the "Company"),
received a staff deficiency notice from The Nasdaq Stock Market ("Nasdaq")
informing the Company that its common stock, par value $0.001 per share, failed
to comply with the $1.00 minimum bid price required for continued listing on The
Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). Nasdaq's letter
advised the Company that, based upon the closing bid price during the period
from December 21, 2021 to January 26, 2022, the Company no longer meets this
test.
Pursuant to Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has been provided
with a compliance period of 180 calendar days, or July 26, 2022, to regain
compliance with the minimum bid price requirement. To regain compliance, the
closing bid price of the Company's common stock must meet or exceed $1.00 per
share for a minimum of 10 consecutive business days prior to July 26, 2022.
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