Business architecture

MICT Regains Compliance with Nasdaq Minimum Bid Price Rule

Retrieved on: 
Thursday, December 15, 2022
Acquisition, LSE, Euronext Paris, B2B, HKSE, Farmer, NYSE, Failure, Hong Kong Stock Exchange, Business, Tripura Merger Agreement, Ecosystem, Insurance, MICT, Mergers and acquisitions, Frankfurt Stock Exchange, SME, Farm, Business architecture, Rule, Growth, Securities and Futures Commission, GSM, TMX, Risk, COVID-19, City, Auction, Online shopping

MONTVALE, NJ, Dec. 15, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing MICT that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.

Key Points: 
  • MONTVALE, NJ, Dec. 15, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing MICT that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
  • MICT was previously notified by Nasdaq on February 2, 2022 that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive business days, as required by the Nasdaq Listing Rules.
  • To regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days.
  • This requirement was met on December 14, 2022, the tenth consecutive trading day of MICT’s common stock bid price closing above $1.00.

InterPrivate III Financial Partners Inc. Announces Amendment and Supplements to it Definitive Proxy Statement

Retrieved on: 
Thursday, December 15, 2022
Acquisition, Inflation, Annual report, Charter, DGCL, NYSE, Person, Communication, Security (finance), Sale, Proxy statement, Prospectus, Trust, IPO, Form 10-K, Special, Extension, Tax, Risk, Business architecture, Liquidation, The Meeting, Proxy, Uncertainty, Meeting, Life Partners, Inc.

Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.

Key Points: 
  • Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.
  • About InterPrivate III Financial Partners Inc.
    InterPrivate III Financial Partners Inc. (the “Company”) is a blank check company incorporated in Delaware on September 10, 2020.
  • It was originally incorporated under the name “InterPrivate II Financial Holdings Corp.”, but the Company changed its name to “InterPrivate III Financial Partners Inc.” on January 6, 2021.
  • Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement (defined below).

Interprivate IV Infratech Partners Inc. Announces Amendment and Supplements to its Definitive Proxy Statement

Retrieved on: 
Thursday, December 15, 2022
Acquisition, Inflation, Annual report, Charter, DGCL, Person, Communication, Security (finance), Sale, Proxy statement, Prospectus, Trust, IPO, Form 10-K, Special, Extension, Tax, Risk, Business architecture, Liquidation, The Meeting, Proxy, Uncertainty, Meeting, Life Partners, Inc.

Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.

Key Points: 
  • Pursuant to the Charter, the Company has until March 9, 2023 to consummate an initial business combination.
  • About InterPrivate IV InfraTech Partners Inc.
    InterPrivate IV InfraTech Partners Inc. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Company intends to focus on a target business in the technology, media and telecom infrastructure space.
  • Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement (defined below).

KINS Technology Group Inc. Shareholders Approve Extension for Consummation of Business Combination to Acquire Workplace Experience Platform

Retrieved on: 
Wednesday, December 14, 2022
Acquisition, Shareholder, Form S-4, Annual report, Privacy, KINS, SEC filing, Communication, Person, Form, IOT, Workplace, Business, Sale, Safety, Industrial, Suite, Form S-1, COVID 19, Prospectus, Health, Education, Transport, Form 10-K, Common, Extension, Business architecture, Proxy, Risk, PALO, COVID-19, Agriculture, RTLS, COVID, Security (finance), Property management, Risk management

The Extension provides KINS with additional time to complete the previously announced proposed business combination (the “Business Combination”) with CXApp Holding Corp. (“CXApp”).

Key Points: 
  • The Extension provides KINS with additional time to complete the previously announced proposed business combination (the “Business Combination”) with CXApp Holding Corp. (“CXApp”).
  • On September 25, 2022, KINS entered into a definitive business combination agreement pursuant to which it would acquire CXApp and its workplace experience app platform and technologies, indoor mapping, events platform, augmented reality and related business solutions in exchange for 6.9 million shares of KINS capital stock valued at $69 million.
  • KINS Technology Group is focused on identifying and acquiring transformative technology businesses that are shaping the digital future and creating a new paradigm of communications and computing.
  • None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations.

MICT’s Subsidiary, Tingo Mobile, Establishes Strategic Presence in Malawi and East Africa, Representing an Important Market for its Agri-FinTech and FinTech Products

Retrieved on: 
Wednesday, December 14, 2022
Acquisition, Euronext Paris, Hong Kong Stock Exchange, Press release, Frankfurt Stock Exchange, Growth, COVID-19, B2B, Person, Business, Proxy statement, MICT, Financial technology, Farm, Business architecture, GSM, Agriculture, Farmer, Gross domestic product, Optimism, Negotiation, SME, Proxy, Securities and Futures Commission, City, Tea, LSE, HKSE, NYSE, Failure, Tripura Merger Agreement, Ecosystem, Insurance, Mergers and acquisitions, Tingo District, TMX, Risk, Coffee, Online shopping, Mobile phone

MONTVALE, NJ, Dec. 14, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) announced that its wholly owned subsidiary, Tingo Mobile Limited (“Tingo Mobile” and together with MICT, the “Group”), has today launched in Malawi, as it establishes a strategic presence in East Africa and accelerates its pan-African rollout.

Key Points: 
  • Tingo Mobile’s expansion into Malawi and East Africa is expected to facilitate access to significant volumes of the region’s key crops, including coffee, tea, cotton, sugar cane, maize, and rice.
  • Darren Mercer, Chief Executive Officer of MICT, commented: “We welcome Malawi into our growing portfolio of geographical markets, as part of our pan-African and global rollout strategy.
  • As of June 30, 2022, Tingo Mobile had approximately 9.3 million subscribers using its mobile phones and Nwassa platform.
  • Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, on the SEC’s website at www.sec.gov .

Newsight Imaging to Share Latest Advancements at CES 2023 in Las Vegas

Retrieved on: 
Tuesday, December 13, 2022
Metaverse, Mobile, Acquisition, Consumer Technology Association, ADAS, Person, Sale, Registration statement, Lidar, VST, VSAC, Combination, Sumathi Best Television Current Reporting Award, COVID-19, COVID, CES, Form, Register, CTA, Water, Business, Vii, Robotics, Regulation, NESS, Risk, Business architecture, Pandemic, Consumer Electronics Show, Artificial intelligence, Transaction, CMOS, Water quality, Special-purpose acquisition company, 3D, Israeli pavilion, Prospectus, Smart city, Automotive safety, Proxy, Attention, AI, Exhibit, Failure, Telephone, CBM, Consumer electronics, Retail, Risk management, Security (finance), EU

Newsight will showcase its latest cutting-edge technology, the eTOF™ LiDAR 3, a high-resolution depth LiDAR based on its new NSI9000 chip.

Key Points: 
  • Newsight will showcase its latest cutting-edge technology, the eTOF™ LiDAR 3, a high-resolution depth LiDAR based on its new NSI9000 chip.
  • Newsight also announced that Watersight, its joint venture with Israel's National Water Company, Mekorot, has been selected as a finalist in the XTC Startup Competition at CES 2023.
  • CES is the most influential tech event in the world — the proving ground for breakthrough technologies and global innovators.
  • Owned and produced by the Consumer Technology Association (CTA), CES features every aspect of the tech sector.

Carney Technology Acquisition Corp. II Announces Postponement of its Special Meeting of Stockholders to December 14, 2022 and That Trust Account Will Bear Interest and Will Not Be Decreased Due to Excise Tax

Retrieved on: 
Monday, December 12, 2022
Acquisition, Inflation, Annual report, Trust, Date, Person, Communication, Security (finance), Sale, Proxy statement, Interest on Lawyer Trust Accounts, Sponsor, Prospectus, Form 10-K, Extension, Risk, Business architecture, The Meeting, Proxy, Meeting, Auction, Eastern Time Zone

The record date for the Meeting to vote on the Extension Amendment remains the close of business on November 10, 2022 (the “Record Date”).

Key Points: 
  • The record date for the Meeting to vote on the Extension Amendment remains the close of business on November 10, 2022 (the “Record Date”).
  • Stockholders as of the Record Date can vote, even if they have subsequently sold their shares.
  • Additionally, if the Extension is implemented, the Company plans to maintain the remaining amount in its trust account (the “Trust Account”) in an interest bearing demand deposit account at a bank.
  • Interest on such deposit account is variable and currently expected to be approximately 3.0% per annum.

MICT’s subsidiary, Tingo Mobile, Launches Global Commodity Platform and Export Business from the Dubai Multi Commodity Centre - the World’s No.1 Free Trade Zone

Retrieved on: 
Monday, December 12, 2022
Online, Euronext Paris, Farmer, Hong Kong Stock Exchange, Agriculture, Sale, Press release, Ethics, Frankfurt Stock Exchange, Growth, Ginger, COVID-19, B2B, Person, Business, Proxy statement, MICT, Dubai Multi Commodities Centre, Farm, Business architecture, GSM, World Bank Group, SME, Proxy, Securities and Futures Commission, All, City, LSE, HKSE, NYSE, Failure, Tripura Merger Agreement, Ecosystem, Insurance, Mergers and acquisitions, DMCC, Tingo District, TMX, Risk, Partnership, Financial adviser, Bank, Online shopping, Access

MONTVALE, NJ, Dec. 12, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”) announced that its wholly- owned subsidiary, Tingo Mobile Limited (“Tingo Mobile” and together with MICT, the “Group”), has today launched its global commodity platform and export business in partnership with the Dubai Multi Commodities Centre (“DMCC”).

Key Points: 
  • MICT also has memberships/registrations with the Hong Kong Stock Exchange and the requisite Hong Kong and China Direct clearing companies.
  • As of June 30, 2022, Tingo Mobile had approximately 9.3 million subscribers using its mobile phones and Nwassa platform.
  • MICT intends to file with the SEC a preliminary proxy statement of MICT in connection with Business Combination.
  • Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, on the SEC’s website at www.sec.gov .

SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Volta Inc. (NYSE: VLTA) and Encourages Long-Term VLTA Investors to Contact the Firm

Retrieved on: 
Monday, December 12, 2022
Acquisition, NYSE, News, Volta, Business architecture, Financial adviser

PHILADELPHIA, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Volta Inc. (NYSE: VLTA) on behalf of the Company’s long-term investors.

Key Points: 
  • PHILADELPHIA, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Volta Inc. (NYSE: VLTA) on behalf of the Company’s long-term investors.
  • Current Volta stockholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.)
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.
  • For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .