Business
My Size, Inc. Announces $5.0 Million Public Offering
AIRPORT CITY, Israel, May 06, 2020 (GLOBE NEWSWIRE) -- My Size, Inc. (the “Company” or “My Size”) (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of
About this update from My Size, Inc.
[{"type":"text","content":"AIRPORT CITY, Israel, May 06, 2020 (GLOBE NEWSWIRE) -- My Size, Inc. (the “Company” or “My Size”) (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement solutions, today announced that it has priced a public offering of an aggregate of 4,545,454 shares of common stock (or common stock equivalents) of the Company, together with an accompanying common warrant, at a public offering price of $1.10 per share and associated warrant. Each share of common stock (or common stock equivalent) was sold in the offering collectively with a common warrant to purchase one share of common stock expiring five years from the date of issuance. Each common warrant has an exercise price of $1.10.\n H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds to My Size from this offering are expected to be approximately $5.0 million, before deducting the placement agent’s fees and other estimated offering expenses payable by My Size, assuming none of the warrants issued in this offering are exercised for cash. The offering is expected to close on or about May 8, 2020, subject to the satisfaction of customary closing conditions. My Size anticipates using the net proceeds from the offering for the establishment of a joint venture, working capital, and general corporate purposes. The securities described above are being offered by the Company pursuant to a registration statement (File No. 333-237858) previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on May 6, 2020. The offering is being made only by means of the prospectus forming a part of the effective registration statement. A preliminary prospectus relating to the securities being offered was filed with the SEC on May 5, 2020 and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to the offering may be obtained, when available, from H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, NY 10022, by calling (646) 975-6996 or by emailing [email protected] or at the SEC’s website at http://www.sec.gov. This press release is neither an offer to sell, nor a solicitation of an offer to buy, any of these securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, so...