My Size (NASDAQ:MYSZ) Enters into At The Market Offering Agreement with H.C. Wainwright & Co., LLC

On January 21, 2025, My Size, Inc. (the “Company”) announced it has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, as agent (“Wainwright”). This agreement allows the Company to offer and sell, from time to time through Wainwright, shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), with an aggregate offering price of up to $4.1 million (the “Shares”).

The sale of the Shares will take place according to a shelf registration statement on Form S-3 and the related prospectus as filed with the Securities and Exchange Commission (SEC) on September 13, 2023, declared effective on December 29, 2023. This will be supplemented by a prospectus supplement dated January 21, 2025, filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933.

Under the terms of the Offering Agreement, Wainwright is permitted to sell the Shares through various channels, including on The Nasdaq Capital Market, at market prices, or through other legally permissible means. Wainwright will exert commercially reasonable efforts consistent with its standard trading and sales practices to conduct these sales based on the Company’s instructions.

It is important to note that the Company is not obligated to make any sales of the Shares under this agreement, which will end upon either the sale of all Shares subject to the agreement or its termination by Wainwright or the Company as permissible therein.

As part of this agreement, the Company will pay Wainwright a 3% cash commission on the gross sales price of any Common Stock sold. Additionally, the Company agreed to offer Wainwright customary indemnification and contribution rights and to reimburse Wainwright for specific expenses related to entering into the Offering Agreement.

The Offering Agreement includes typical representations, warranties, and conditions related to the sale of the Shares. The complete Offering Agreement, along with an opinion from Greenberg Traurig, LLP regarding the securities’ legality, is available as an exhibit to the Current Report on Form 8-K.

It’s important to mention that the announcement of the Agreement does not constitute an offer to sell or a solicitation of an offer to buy the Common Stock mentioned. Furthermore, there will be no offer, solicitation, or sale of securities in any state where such activities would be unlawful prior to registration or qualification under the securities laws of said state.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read My Size’s 8K filing here.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.