Business
My Size, Inc. Closes $2.0 Million Underwritten Public Offering of Common Stock Including Simultaneous Exercise of the Underwriter’s Over-Allotment Option
Airport City, Israel, Jan. 08, 2021 (GLOBE NEWSWIRE) -- My Size, Inc. (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), a developer of
About this update from My Size, Inc.
[{"type":"text","content":"Airport City, Israel, Jan. 08, 2021 (GLOBE NEWSWIRE) -- 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 [email protected], 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 a...