---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-124518"
form_type: "8-K"
ticker: null
cik: "0001648365"
company_name: "AGRI-FINTECH HOLDINGS, INC."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:37:31.756538+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tingo completes sale of Tingo Mobile to MICT for 19.9% stock plus convertible preferred

## Summary
- Merger closed Dec 1, 2022; Tingo Mobile becomes wholly owned by MICT (Nasdaq: MICT).
- Consideration: 19.9% of MICT common stock plus convertible Series A and B Preferred.
- Tingo Mobile Q3 2022 annualized revenue run rate ~$1.2B; pre-tax net income run rate ~$650M.
- Tingo Mobile had $247M cash and $1.51B total assets at Sept 30, 2022.
- MICT expects substantial Q4 2022 earnings and material quarter-over-quarter growth in 2023.

## SEC filing metadata
- accession: 0001104659-22-124518
- form_type: 8-K
- cik: 0001648365
- company_name: AGRI-FINTECH HOLDINGS, INC.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1648365/000110465922124518/0001104659-22-124518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1648365/000110465922124518/tm2231998d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-124518
- JSON: https://secwatch.observer/filing/0001104659-22-124518.json
- Plain text: https://secwatch.observer/filing/0001104659-22-124518.txt

## Key facts
- M&A Transactions
  AGRI-FINTECH HOLDINGS, INC. completed a disposition involving MICT, Inc. for Issuance of 19.9% of MICT's common stock to Tingo, together with Series A and Series B Preferred Stock convertible into common stock upon certain conditions (closed 2022-12-01).
  - Action: disposition
  - Counterparty: MICT, Inc.
  - Consideration: Issuance of 19.9% of MICT's common stock to Tingo, together with Series A and Series B Preferred Stock convertible into common stock upon certain conditions
  - Closing: 2022-12-01
  source text: business and assets of Tingo, Inc. (“Tingo”) (OTC:TMNA), via its purchase of Tingo Mobile Limited (“Tingo Mobile”). As the consideration for the acquisition, MICT is issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are convertible into shares of MICT’s common stock upon certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1648365/000110465922124518/0001104659-22-124518-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.