My Size (NASDAQ:MYSZ) Reports Exercise of Warrants Resulting in $3.0 Million in Gross Proceeds

My Size, Inc. filed a Form 8-K with the Securities and Exchange Commission on December 27, 2024, announcing the exercise of warrants to purchase 653,028 shares of common stock of the company. These warrants were issued during the warrant repricing transaction in May 2024. The exercise of the warrants has resulted in gross proceeds of approximately $3.0 million.

In accordance with Item 9.01 of the filing, the company disclosed that Exhibit 104 includes the Cover Page Interactive Data File, which is embedded within the Inline XBRL document.

Ronen Luzon, the Chief Executive Officer of My Size, Inc., signed the report on December 30, 2024. As per the filing, the company stated that the information provided is accurate and compliant with the Securities Exchange Act of 1934.

This exercise of warrants and subsequent proceeds mark a strategic financial move for My Size, Inc., providing a significant influx of capital into the company.

Please note that this news article is based on the details provided in the Form 8-K submitted by My Size, Inc. to the SEC on December 27, 2024.

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.

About My Size

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.