AIRPORT CITY, Israel,
Jan. 31, 2018 /PRNewswire/ -- My
Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), developer of proprietary, smartphone measurement
applications, announced today the pricing of a public offering of
3,000,000 shares of its common stock to the public at $2.00 per share. In addition, the investors will
receive five-year warrants to purchase an aggregate of 1,500,000
shares of common stock, at an exercise price of $2.65 per share.
The aggregate gross proceeds to My Size from the public offering
are expected to be $6.0 million,
prior to deducting placement agent fees and other offering
expenses. My Size intends to use the net proceeds from the
public offering for repayment of debt, working capital and other
general corporate purposes. The offering is expected to close on
February 2, 2018, subject to the
satisfaction of customary closing conditions.
Roth Capital Partners is acting as sole placement agent for the
offering.
The shares and warrants are being offered by My Size, Inc.
pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange
Commission. A prospectus supplement relating to the offering will
be filed with the SEC and will be available on the SEC's website at
http://www.sec.gov. Copies of the prospectus relating to the
offering may be obtained from Roth Capital Partners, LLC, 888 San
Clemente, Newport Beach,
California 92660, Attn: Equity Capital Markets, via
telephone at (800) 678-9147 or via email at rothecm@roth.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About My Size, Inc.
My Size, Inc. (TASE: MYSZ) (NASDAQ: MYSZ) has developed a unique
measurement technology based on sophisticated algorithms and
cutting edge technology with broad applications including the
apparel, e-commerce DIY, shipping and parcel delivery
industries. This proprietary technology is driven by
several patent-pending algorithms which are able to calculate and
record measurements in a variety of novel ways. To learn more about
My Size, please visit our website.www.mysizeid.com.
Follow us on Facebook, LinkedIn and Twitter.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
identified by the use of the words "could," "believe,"
"anticipate," "intend," "estimate," "expect," "may," "continue,"
"predict," "potential," "project" and similar expressions that are
intended to identify forward-looking statements. All
forward-looking statements speak only as of the date of this press
release. You should not place undue reliance on these
forward-looking statements. Although we believe that our plans,
objectives, expectations and intentions reflected in or suggested
by the forward-looking statements are reasonable, we can give no
assurance that these plans, objectives, expectations or intentions
will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements
also are affected by the risk factors described in the Company's
filings with the U.S. Securities and Exchange Commission.
Except as required by law, we undertake no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, after
the date on which the statements are made or to reflect the
occurrence of unanticipated events.
Press Contact:
Eran Yoels
Rimon, Cohen and Co.
Eran@rcspr.co.il
+ 972-52-440-8020
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SOURCE My Size Inc.