AIRPORT CITY, Israel, Dec. 10,
2021 /PRNewswire/ --
My Size, Inc. ("My Size" or the "Company") (NASDAQ: MYSZ)
(TASE: MYSZ), a leading developer and creator of smartphone
measurement solutions, today announced that based on recent
discussions with Todd Ault and his
representatives, the Company has entered into a settlement
agreement with
Mr. Ault, Ault Alpha LP, Ault Alpha GP LLC, Ault Capital
Management LLC, and Ault & Company (the "Ault Parties"), in
which the Company agreed to withdraw the lawsuit asserting a claim
for violation of Section 16(b) of the Securities Exchange Act
of 1934 it previously filed in the United
States District Court for
the Southern District of New York against the
Ault Parties. The Ault Parties have agreed to withdraw
the counterclaim that they
asserted in that action
against the Company.
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 harbour 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.
Logo -
https://mma.prnewswire.com/media/689689/MySize_Logo.jpg
Investor Contacts:
Or Kles
CFO
ir@mysizeid.com
Brian Loper
ClearThink
bloper@clearthink.capital
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SOURCE My Size, Inc.