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EX-99.1 - CONSOLIDATED FINANCIAL STATEMENTS OF MICRONET LTD FOR THE FISCAL YEAR ENDED DECE - MICT, Inc.f8k032818ex99-1_micronet.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 29, 2018 (March 29, 2018) 

 

MICRONET ENERTEC TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

 

DELAWARE  001-35850  27-0016420
(State or other jurisdiction  (Commission  (IRS Employer
of incorporation)  File Number)  Identification No.)

 

28 West Grand Avenue, Suite 3, Montvale, New Jersey  07645
(Address of principal executive offices)  (Zip Code)

 

(201) 225-0190

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions(see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 2.02.Results of Operations and Financial Condition.

 

On March 29, 2018, Micronet Ltd., a subsidiary of Micronet Enertec Technologies, Inc., announced its financial results for the fiscal year ended December 31, 2017 and other financial information in an immediate report with the Tel Aviv Stock Exchange. Such financial statements are prepared in accordance with International Financial Reporting Standards and are presented in New Israeli Shekels (“NIS”). As of March 27, 2018, the exchange rate of NIS per $1 U.S. dollar was approximately 3.487 NIS. 

 

A copy of the financial statements for Micronet Ltd. for the fiscal year ended December 31, 2017 is furnished with this report as Exhibit 99.1. 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
     

99.1

 

Consolidated Financial Statements of Micronet Ltd for the fiscal year ended December 31, 2017.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MICRONET ENERTEC TECHNOLOGIES, INC.
   
Dated: March 29, 2018 By: /s/ David Lucatz
    Name:  David Lucatz
    Title:    President and Chief Executive Officer

 

 

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