<SEC-DOCUMENT>0001615774-18-002639.txt : 20180413
<SEC-HEADER>0001615774-18-002639.hdr.sgml : 20180413
<ACCEPTANCE-DATETIME>20180413173127
ACCESSION NUMBER:		0001615774-18-002639
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180412
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180413
DATE AS OF CHANGE:		20180413

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			M I Acquisitions, Inc.
		CENTRAL INDEX KEY:			0001653558
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37872
		FILM NUMBER:		18755139

	BUSINESS ADDRESS:	
		STREET 1:		C/O MAGNA MANAGEMENT, LLC
		STREET 2:		40 WALL STREET, 58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		347-491-4240

	MAIL ADDRESS:	
		STREET 1:		C/O MAGNA MANAGEMENT, LLC
		STREET 2:		40 WALL STREET, 58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>s109677_8k.htm
<DESCRIPTION>8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>United States</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp; &nbsp; </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Form 8-K </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp; </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Current Report </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>April 12, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>M I Acquisitions, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="1" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 10pt"><B>001-37872</B></FONT></TD>
    <TD STYLE="width: 33%; padding: 5.25pt; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: middle"><FONT STYLE="font-size: 10pt"><B>47-4257046</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.25pt; text-align: center; vertical-align: top">
        <P STYLE="border-top: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other
        jurisdiction of incorporation)</P></TD>
    <TD STYLE="padding: 5.25pt; text-align: center; vertical-align: top">
        <P STYLE="border-top: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission File
        Number)</P></TD>
    <TD STYLE="padding: 5.25pt; text-align: center; vertical-align: top">
        <P STYLE="border-top: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;(I.R.S.
Employer Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>c/o Magna Management LLC</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>40 Wall Street, 58th Floor</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>New York, NY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>10005</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="border-top: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal
        Executive Offices)</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="border-top: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Zip Code)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including area
code: <B>(347) 491-4240</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">N/A</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[ &nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[X]&nbsp;&nbsp;&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[ &nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">[&nbsp;&nbsp; ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">Emerging growth company <FONT STYLE="font-family: MS Mincho">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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. <FONT STYLE="font-family: MS Mincho">&#9744;</FONT>&#9;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>IMPORTANT NOTICES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Priority Holdings, LLC (&#8220;Priority&#8221; or the &#8220;Company&#8221;)<FONT STYLE="color: black">,
M I Acquisitions, Inc. (&#8220;M I&#8221;), and their respective directors, executive officers and employees and other persons
may be deemed to be participants in the solicitation of proxies from the holders of M I common stock in respect of the proposed
transaction between them. Information about M I&#8217;s directors and executive officers and their ownership of M I&#8217;s common
stock is set forth in M I&#8217;s Annual Report on Form 10-K for the year ended December 31, 2017 filed with the SEC, as modified
or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests
of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed transaction when
it becomes available. These documents can be obtained free of charge from the sources indicated above.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>In connection with the transaction between Priority and M I,
M I will file relevant materials with the Securities and Exchange Commission (the &#8220;SEC&#8221;), including a proxy statement
on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, M I will mail the definitive proxy statement
and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. INVESTORS AND SECURITY
HOLDERS OF M I ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS
IN CONNECTION WITH THE TRANSACTION THAT M I WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT M I, THE COMPANY AND THE TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other
relevant materials in connection with the transaction (when they become available), and any other documents filed by M I with the
SEC, may be obtained free of charge at the SEC&#8217;s website (www.sec.gov) or at M I&#8217;s website (www.miacquisitions.com)
or by writing to M I, c/o Magna Management LLC, 40 Wall Street, 58th Floor, New York, NY 10005.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>This current report on Form 8-K contains certain &#8220;forward-looking
statements&#8221; within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by
the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the
pending transaction between M I and the Company and the transactions contemplated thereby, and the parties&#8217; perspectives
and expectations, are forward looking statements. Such statements include, but are not limited to, statements regarding the proposed
transaction, including the anticipated initial enterprise value and post-closing equity value, the benefits of the proposed transaction,
integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results,
including estimates for growth, the expected management and governance of the combined company, and the expected timing of the
transactions contemplated by the contribution agreement between M I and Priority dated February 26, 2018 (the &#8220;Purchase Agreement&#8221;).
The words &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan&#8221; and similar
expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and
are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and
operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated.
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Such risks and uncertainties include, but are not limited
to: (i) risks related to the expected timing and likelihood of completion of the pending transaction, including the risk that
the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as
regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or
refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions
in connection with such approvals, or that the required approval of the Purchase Agreement by the stockholders of M I was not
obtained; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the
Purchase Agreement; (iii) the risk that there may be a material adverse change with respect to the financial position,
performance, operations or prospects of Priority or M I; (iv) risks related to disruption of management time from ongoing
business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction
could have adverse effects on the market price of M I&#8217;s common stock; (vi) the risk that the proposed transaction and
its announcement could have an adverse effect on the ability of Priority and M I to retain customers and retain and hire key
personnel and maintain relationships with their suppliers and customers and on their operating results and businesses
generally; (vii) risks related to successfully integrating the businesses of the companies, which may result in the combined
company not operating as effectively and efficiently as expected; (viii) the risk that the combined company may be unable to
achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; and (ix) risks associated with
the financing of the proposed transaction. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>A further list and description of risks and uncertainties can
be found in M I&#8217;s Annual Report on Form 10-K for the fiscal year ending December 31, 2017 filed with the SEC, in M I&#8217;s
quarterly reports on Form 10-Q filed with the SEC subsequent thereto and in the proxy statement on Schedule 14A that will be filed
with the SEC by M I in connection with the proposed transaction, and other documents that the parties may file or furnish with
the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate
only to the date they were made, and M I, Priority, and their subsidiaries undertake no obligation to update forward-looking statements
to reflect events or circumstances after the date they were made except as required by law or applicable regulation.</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Item 1.01. Entry Into a Material Definitive Agreement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="font-weight: normal">On April 12, 2018, M I
Acquisitions issued a promissory note in the aggregate principal amount of <FONT STYLE="background-color: #FEFEFE">$132,752.73
to Priority.</FONT> The $132,752.73 received by M I upon issuance of the note was deposited into the M I trust account for the
benefit of its public stockholders in order to extend the <FONT STYLE="background-color: #FEFEFE">period of time M I has to complete
a business combination for an additional one month period, from April 19, 2018 to May 19, 2018. The notes do not bear interest
and are payable five business days after the date M I completes a business combination. The following events constitute events
of default under the notes:</FONT></FONT></P>

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<TD STYLE="width: 0.8in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Failure to make required payments;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD>2.</TD><TD>The voluntary liquidation of M I; and</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD>3.</TD><TD>The involuntary bankruptcy of M I.</TD></TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">Item 9.01. Financial Statements and Exhibits&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 12pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; vertical-align: middle">(c)&nbsp;</TD>
    <TD>Exhibits:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%"><U>Exhibit No.</U></TD>
    <TD><U>Description</U></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="s109677_ex10-1.htm">10.1</a></TD>
    <TD><A HREF="s109677_ex10-1.htm">Promissory Note issued to Priority dated April 12, 2018. </a></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="background-color: #FEFEFE"><A HREF="s109677_ex99-1.htm">99.1</a></FONT></TD>
    <TD><FONT STYLE="background-color: #FEFEFE"><A HREF="s109677_ex99-1.htm">Press Release dated April 13, 2018</a></FONT></TD></TR>
</TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Dated April 13, 2018</P>

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    <TD COLSPAN="3"></TD></TR>
</TABLE>

<P STYLE="margin: 0">M I ACQUISITIONS, INC.</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>By:</TD><TD COLSPAN="2"><U>/s/ Marc Manuel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD><TD COLSPAN="2">Name: Marc Manuel</TD></TR>                                                                                                                                                                                                                                                  <TR STYLE="vertical-align: top">
    <TD></TD><TD COLSPAN="2"> Title: Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD><TD NOWRAP STYLE="width: 4.5pt"></TD><TD></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>




<P STYLE="margin: 0"></P>

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<TYPE>EX-10.1
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<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><FONT STYLE="letter-spacing: -0.2pt">THIS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS </FONT><FONT STYLE="letter-spacing: -0.15pt">AMENDED (THE &ldquo;SECURITIES
ACT&rdquo;). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT </FONT><FONT STYLE="letter-spacing: -0.2pt">ONLY AND MAY NOT BE SOLD, TRANSFERRED
OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY
IN FORM, SCOPE AND SUBSTANCE TO THE </FONT>COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: 2.15pt"><B>PROMISSORY
NOTE</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Principal Amount: $132,752.73</FONT></P>
        <P STYLE="font: 10pt/200% Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: right">Dated as of April 12<SUP>th</SUP>, 2018</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.15pt">M
I Acquisitions, Inc., a Delaware corporation (the &ldquo;<B>Maker</B>&rdquo;), promises to pay to the order of Priority Holdings,
LLC or its registered assigns or successors in interest (the &ldquo;<B>Payee</B>&rdquo;) the principal sum of One Hundred Thirty
Two Thousand Seven Hundred Fifty Two Dollars and Seventy Three Cents (</FONT><FONT STYLE="letter-spacing: -0.1pt">$132,752.73</FONT><FONT STYLE="letter-spacing: -0.15pt">)
in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be
made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as the Payee
may from time to time designate by </FONT>written notice in accordance with the provisions of this Note.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">1.</FONT></TD><TD><B>Principal. </B>The principal balance of this Promissory Note (this &ldquo;<B>Note</B>&rdquo;) shall be payable five (5)
business days after the date on which the Maker consummates and completes a business combination as outlined in the Company&rsquo;s
final prospectus dated on September 13<SUP>th</SUP>, 2016 and filed on September 15<SUP>th</SUP>, 2016 (the &ldquo;<B>Prospectus</B>&rdquo;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">2.</FONT></TD><TD><B>Interest. </B>No interest shall accrue on the unpaid principal balance of this Note.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">3.</FONT></TD><TD><B>Application of Payments. </B>All payments shall be applied first to payment in full of any costs incurred in the collection
of any sum due under this Note, including (without limitation) reasonable attorney&rsquo;s fees, then to the payment in full of
any late charges and finally to the reduction of the unpaid principal balance of this Note.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">4.</FONT></TD><TD><B>Events of Default.</B> The following shall constitute an event of default (&ldquo;<B>Event of Default</B>&rdquo;):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD><B>Failure to Make Required Payments.</B> Failure by Maker to pay the principal of this Note within five (5) business days
following the date when due.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD><B>Voluntary Liquidation, Etc.</B> The commencement by Maker of a proceeding relating to its bankruptcy, insolvency, reorganization,
rehabilitation or other similar action, or the consent by it to the appointment of, or taking possession by, a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) for Maker or for any substantial part of its
property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts
as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.</TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(c)</FONT></TD><TD><B>Involuntary Bankruptcy, Etc.</B> The entry of a decree or order for relief by a court having jurisdiction in the premises
in respect of maker in an involuntary case under any applicable bankruptcy, insolvency or similar law, for the appointing of a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) for Maker or for any substantial part of
its property, or ordering the winding-up or liquidation of the affairs of Maker, and the continuance of any such decree or order
unstayed and in effect for a period of 60 consecutive days.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">5.</FONT></TD><TD><B>Remedies.</B></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(a)</FONT></TD><TD>Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare
this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable
thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which
are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(b)</FONT></TD><TD>Upon the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of this Note,
and all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without
any action on the part of Payee.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">6.</FONT></TD><TD><FONT STYLE="letter-spacing: -0.2pt"><B>Waivers. </B>Maker and all endorsers and guarantors of, and sureties for, this Note
waive </FONT>presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors,
defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue
to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising
from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption
from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to
a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part
in any order desired by Payee.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">7.</FONT></TD><TD><FONT STYLE="letter-spacing: -0.2pt"><B>Unconditional Liability. </B>Maker hereby waives all notices in connection with the
delivery, </FONT>acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall
be unconditional, without regard to the liability of any other party, and shall not be affected in any manner by any indulgence,
extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of
time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions of this
Note, and agrees that additional makers, endorsers, guarantors, or sureties may become
parties hereto without notice to Maker or affecting Maker&rsquo;s liability hereunder.</TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">8.</FONT></TD><TD><B>Notices. </B>Any notice called for hereunder shall be deemed properly given if (i) sent by certified mail, return receipt
requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery service
providing receipted delivery or (iv) sent by facsimile or (v) to the following addresses or to such other address as either party
may designate by notice in accordance with this Section:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in">If to Maker:<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">M I Acquisitions, Inc.<BR>
40 Wall Street, 58<SUP>th</SUP> Floor<BR>
New York, NY 10005<BR>
Attn: Joshua Sason</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in">If to Payee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 1in">Priority Holdings, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">___________________<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Notice shall be deemed given on the earlier
of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date reflected
on a signed delivery receipt, or (iv) two (2) Business Days following tender of delivery or dispatch by express mail or delivery
service.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">9.</FONT></TD><TD><FONT STYLE="letter-spacing: -0.25pt"><B>Construction. </B>THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE </FONT>WITH
THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">10.</FONT></TD><TD><B>Jurisdiction. </B>The courts of New York have exclusive jurisdiction to settle any dispute arising out of or in connection
with this agreement (including a dispute relating to any non-contractual obligations arising out of or in connection with this
agreement) and the parties submit to the exclusive jurisdiction of the courts of New York.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">11.</FONT></TD><TD><B>Severability. </B>Any provision contained in this Note which is prohibited or unenforceable in any <FONT STYLE="letter-spacing: -0.1pt">jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or </FONT>unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">12.</FONT></TD><TD><B>Trust Waiver. </B>Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (&ldquo;<B>Claim</B>&rdquo;) in or to any amounts contained in the trust account (the &ldquo;<U>Trust Account&rdquo;)
</U>in which the proceeds of the initial public offering (the &ldquo;<B>IPO</B>&rdquo;) conducted by the Maker and the proceeds
of the sale of securities in a private placement that occurred prior to the effectiveness of the IPO, as described in greater detail in the Prospectus, were
placed,, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim from the trust account or
any distribution therefrom for any reason whatsoever. If the Maker does not consummate a business combination (as described in
the Prospectus), this Note shall be repaid only from amounts remaining outside of the Trust Account, if any.</TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-bottom: 0; margin-left: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">13.</FONT></TD><TD><B>Amendment; Waiver. </B>Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written
consent of the Maker and the Payee.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">14.</FONT></TD><TD><B>Assignment. </B>No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto
(by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without
the required consent shall be void.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">15.</FONT></TD><TD><FONT STYLE="letter-spacing: -0.2pt"><B>Further Assurance. </B>The Maker shall, at its own cost and expense, execute and do
(or procure to </FONT>be executed and done by any other necessary party) all such deeds, documents, acts and things as the Payee
may from time to time require as may be necessary to give full effect to this Promissory Note.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly </FONT>executed by its Chief Financial Officer the
day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 3in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 238.5pt; text-indent: -22.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          <TR STYLE="vertical-align: top">
<TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3">M I ACQUISITIONS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: right; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: right; vertical-align: top"></TD>
    <TD>By:</TD><TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Marc Manuel</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 234pt"></TD>
    <TD STYLE="width: 5%">&nbsp;</TD><TD STYLE="width: 4.5pt">Name:</TD><TD>Marc Manuel</TD></TR>                                                                                          <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>Title:&#9;</TD><TD>Chief Financial Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>s109677_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: right"><FONT STYLE="background-color: #FEFEFE"><B>&nbsp;Exhibit 99.1</B></FONT></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="background-color: #FEFEFE"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="background-color: #FEFEFE"><B>M I Acquisitions,
Inc. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination </B></FONT></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: #FEFEFE">New
York, NY, April 13, 2018 --- M I Acquisitions, Inc. (NASDAQ: MACQU, MACQ, MACQW) (&#8220;M I&#8221;), a Magna-sponsored special
purpose acquisition company, announced today that Priority Holdings, LLC (&#8220;Priority&#8221;) has deposited into the M I trust
account (the &#8220;Trust Account&#8221;) an aggregate of $132,752.73 (representing approximately $0.025 per share of common stock),
in order to extend the period of time M I has to complete a business combination for an additional one (1) month period, from April
19, 2018 to May 19, 2018. M I issued a promissory note to Priority with a principal amount equal to the amount deposited. M I will
have the option, but no obligation, to extend such term for an additional one (1) month period, until June 19, 2018, by depositing
an additional $132,752.73 into the Trust Account. The purpose of the extension is to provide time for M I to complete its previously
announced business combination with Priority, a leading provider of B2C and B2B payment processing solutions based in Alpharetta,
GA.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: justify; background-color: #FEFEFE"><B><U>About
M I Acquisitions</U></B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: #FEFEFE"><FONT STYLE="background-color: white">M
I is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business combination with one or more businesses or entities sponsored by NY-based
investment firm, Magna.&nbsp; </FONT><FONT STYLE="background-color: #FEFEFE">In September 2016, M I consummated a $54.7 million
initial public offering of 5.73 million units, each unit consisting of one share of common stock and one redeemable common stock
purchase warrant, at a price of $10.00 per unit. M I&#8217;s securities are quoted on the NASDAQ stock exchange under the ticker
symbols MACQ, MACQW and MACQU. </FONT></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B><U>Important Notice Regarding Forward-Looking Statements
</U></B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">This press release contains statements
that constitute &#8220;forward-looking statements,&#8221; including the funding of the Trust Account to extend the period of time
for M I to consummate a business combination. Forward-looking statements are subject to numerous conditions, many of which are
beyond the control of the M I, including those set forth in the Risk Factors section of M I&#8217;s annual report on Form 10-K
for the year ended December 31, 2017, filed with the Securities and Exchange Commission (&#8220;SEC&#8221;). Copies are available
on the SEC&#8217;s website, www.sec.gov. M I undertakes no obligation to update these statements for revisions or changes after
the date of this release, except as required by law.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><U>Additional Information and
Where to Find It</U></B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">In connection with the
transaction described herein, M I will file relevant materials with the Securities and Exchange Commission (the
&quot;SEC&quot;), including a proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the
SEC, M I will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special
meeting relating to the transaction. INVESTORS AND SECURITY HOLDERS OF M I ARE URGED TO READ THESE MATERIALS (INCLUDING ANY
AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT M I WILL FILE
WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT M I, PRIORITY AND THE
TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with
the transaction (when they become available), and any other documents filed by M I with the SEC, may be obtained free of
charge at the SEC's website (www.sec.gov) or at M I's website (www.miacquisitions.com) or by writing to M I, c/o Magna
Management LLC,&nbsp;40 Wall Street, 58th Floor, New York, NY 10005.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B><U>Participants in Solicitation</U></B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">Priority, M I, and their respective
directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from
the holders of M I common stock in respect of the proposed transaction. Information about M I's directors and executive officers
and their ownership of M I's common stock is set forth in M I's Annual Report on Form 10-K for the year ended December 31, 2017
filed with the SEC, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing.&nbsp;
Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement
pertaining to the proposed transaction when it becomes available. These documents can be obtained free of charge from the sources
indicated above.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><B>&nbsp;</B></P>



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