My Size, Inc. Closes $2.0 Million Underwritten Public Offering of Common Stock Including Simultaneous Exercise of the Underw...
January 08 2021 - 4:30PM
My Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE:
MYSZ), a developer of smartphone-based measurement solutions, today
announced that it has completed an underwritten public offering
(the “Offering”) with gross proceeds of approximately $2.0 million
before deducting underwriting discounts and commissions and other
estimated offering expenses payable by the Company. The Offering
included 1,364,503 shares of the Company’s common stock, and
204,676 additional shares from the exercise of the underwriter’s
option to purchase such shares to cover over-allotments at the
public offering price of $1.28 per share. The Company intends to
use the net proceeds from this offering for working capital and
general corporate purposes.
Aegis Capital Corp. acted 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 are 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.
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 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. 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.
U.S. Press Contact:
Strauss
Communicationsjoel@strausscomms.comwww.strausscomms.com
IR Contact:
Or Kles, CFOir@mysizeid.com
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 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.
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