My Size, Inc. Closes $3.3 Million Underwritten Public Offering of Common Stock
25 Mars 2021 - 10:14PM
My Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), the developer and creator of e-commerce measurement
solutions, today announced that it has completed an underwritten
public offering (the “Offering”) with gross proceeds of
approximately $3.3 million before deducting underwriting discounts
and commissions and other estimated offering expenses payable by
the Company.
The offering equates to 2,618,532 shares of the Company’s common
stock at a price of $1.26 per share. The Company intends to use the
net proceeds from this offering for working capital and general
corporate purposes.
The Company has also granted the underwriters a 45-day option to
purchase up to an additional 15% of the number of shares of common
stock offered in the public offering to cover over-allotments, if
any, at the public offering price, less underwriting discounts and
commissions, which would total gross proceeds of approximately $3.8
million.
Aegis Capital Corp. is acting as sole bookrunner for the
offering.
This offering was made pursuant to an effective shelf
registration statement on Form S-3 (No. 333-251679) previously
filed with the U.S. Securities and Exchange Commission (the “SEC”)
and declared effective by the SEC on December 30, 2020. A final
prospectus supplement and accompanying prospectus describing the
terms of the proposed offering have been filed with the SEC and
will be available on the SEC’s website located at
http://www.sec.gov.
Electronic copies of the final prospectus supplement and the
accompanying prospectus may be obtained by contacting Aegis Capital
Corp., Attention: Syndicate Department, 810 7th Avenue, 18th floor,
New York, NY 10019, by email at syndicate@aegiscap.com, or by
telephone at (212) 813-1010. Before investing in this offering,
interested parties should read in their entirety the prospectus
supplement and the accompanying prospectus and the other documents
that the Company has filed with the SEC that are incorporated by
reference in such prospectus supplement and the accompanying
prospectus, which provide more information about the Company and
such offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
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 measurement technology is driven by several
algorithms that 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. We routinely post information that
may be important to investors in the Investor Relations section of
our website. Follow us on Facebook, LinkedIn, Instagram, 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, including statements with
respect to the public offering, timing, the amount and anticipated
use of proceeds. 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, including, without limitation, market and other
conditions and the satisfaction of customary closing conditions.
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.
U.S. Press Contact:Strauss
Communicationsjoel@strausscomms.comwww.strausscomms.com
IR Contact:Or Kles,
CFOir@mysizeid.com
SOURCE My Size Inc.
Related Linkshttp://mysizeid.com/
My Size (NASDAQ:MYSZ)
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