My Size (MYSZ) Announces $8.5 Million Registered Direct and PIPE Offerings

October 27, 2021 9:01 AM EDT
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My Size, Inc. ("My Size" or the "Company") (NASDAQ: MYSZ) (TASE: MYSZ), a leading developer and creator of smartphone measurement solutions, today announced that it has entered into definitive purchase agreements with several institutional investors for the issuance and sale of 2,514,800 shares of its common stock at a purchase price of $1.352 per share, in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, My Size has also agreed to issue and sell to the investors 3,772,208 unregistered shares of its common stock, at the same purchase price as in the registered direct offering. In addition, the Company has agreed to issue to the investors in the offerings unregistered warrants to purchase up to an aggregate of 4,715,256 shares of common stock. The aggregate gross proceeds to the Company of both offerings is expected to be approximately $8.5 million. The offerings are expected to close on or about October 29, 2021, subject to the satisfaction of customary closing conditions.

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H.C. Wainwright & Co. is acting as the exclusive placement agent for the offerings.

The unregistered warrants will have an exercise price $1.26 per share, be exercisable immediately upon issuance and a term of five years.

My Size currently intends to use the net proceeds from the offerings for general corporate purposes, including working capital.

The shares of common stock offered in the registered direct offering (but excluding the shares of common stock offered in the private placement and the shares of common stock underlying the warrants) are being offered and sold by My Size pursuant to a "shelf" registration statement on Form S-3 (Registration No. 333-251679), including a base prospectus, previously filed with the Securities and Exchange Commission (SEC) on December 23, 2020 and declared effective by the SEC on December 30, 2020. The offering of the shares of common stock to be issued in the registered direct offering are being made only by means of a prospectus supplement that forms a part of the registration statement. A final prospectus supplement and an accompanying base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying base prospectus may also be obtained from H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.

The unregistered shares and unregistered warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the shares, the warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.



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